Clause 14

For the purpose of enabling the Authority to carry out its function and duty of constructing any railway or roads or other related facilities, the Minister for Finance shall, from time to time, provide funds by way of grants, subject to such conditions as he may impose, to the Authority out of moneys provided by Parliament.

The Authority may, from time to time and with the approval of the Minister for Finance, borrow or otherwise raise money in any currency in Singapore or elsewhere for the purposes referred to in subsection (1) and on such terms and conditions as it thinks fit.

The repayment of money borrowed or raised by the Authority for the purposes referred to in subsection (1), and interest, premium and other charges thereon and costs and fees incurred for the purpose of borrowing or raising such money shall be met out of funds provided to the Authority by the Minister for Finance.

Nothing in this section shall be construed to restrict the power of the Authority to borrow or raise or secure the repayment of money for purposes other than the purposes referred to in subsection (1).