Singapore earmarks over S$3.7 billion of green-bond funds for new electric rail lines
Singapore has allocated more than S$3.7 billion of green-bond proceeds to finance the Jurong Region Line and Cross Island Line in its FY2025 budget.
In its FY2025 financial statements ending 31 March 2026, Singapore set aside over S$3.7 billion of green-bond proceeds for the Jurong Region Line and Cross Island Line. The allocation draws from three bond issues: S$142.1 million from a second 30-year green bond issued in May 2025, S$1.5 billion from a third 50-year tranche issued in October 2024, and S$2.1 billion from the first 30-year bonds issued in June 2024. A further S$1 billion raised in October 2025 has not yet been earmarked but is slated for the two lines by FY2026.
The funds are held in a dedicated account with the Monetary Authority of Singapore or invested in short-term instruments, complying with the Singapore Green Bond Framework. Cumulatively, S$9.3 billion of green-bond financing since August 2022 has supported the JRL and CRL, projects expected to cut land-transport emissions and help the city-state reach its net-zero target by 2050.
Why it matters
The financing supports Singapore’s shift to low-carbon public transport and its 2050 net-zero climate goal.
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