Significant Infrastructure Government Loan Act 2021 · 2020 Revised Edition · Part 1 · Preliminary
3. Purpose of Act
Feedback & supportThe purpose of this Act is to enable financing by borrowing to meet the Government’s commitment to Singapore’s future by investing in nationally significant infrastructure and their related facilities in which initial or further investment is vital to supporting or is likely to materially improve national productivity or Singapore’s economic, environmental or social sustainability.
nationally significant infrastructure
“nationally significant infrastructure” means any structure or building in Singapore (whether above or below ground or water) that —(a)is or is intended to be controlled and legally owned by the Government;(b)is or is intended primarily for any of the following purposes or a combination of any of the following purposes:(i)the transport by road or rail, air, sea or inland waterway of passengers or goods or both; Examples Roads, paths, railways, tunnels and bridges for roads or railways in Singapore that are used by the public for the movement or transport of people or goods. A runway or taxiway, or a parking apron for loading and unloading of aircraft passengers or cargo. A building wholly or principally for use as a passenger terminal or cargo terminal for transport by land or air. A wharf or dock in Singapore used by the public to facilitate the carriage or transfer of cargo or passengers travelling by sea or river.(ii)the collection, treatment and disposal of sewage or the supply or recovery and treatment of water;(iii)the alleviation of floods;(iv)the protection, conservation, rehabilitation and management of the coastal zone to mitigate current and future risks from coastal hazards, taking into account the effects of climate change; Example Seawall, revetment, groyne, weir or dyke, drains or other channels for the interaction of tidal waters with catchment floodwaters, breakwaters, flood gates, barrages and coastal pumping stations.(v)the generation, transmission or distribution of electricity, gas or other energy or power;ExamplesPower stations, substations, transmission lines and transformers for electricity generation, transmission or distribution.Pipelines used to transport gases which liquefy under pressure (such as natural gas, ethane and LPG) from a gas processing plant.(vi)the delivery of telecommunications, broadcasting, electronic and other data communications services;(vii)any other purpose (which may include a supply chain or an interconnected network) in which initial or further investment is vital to supporting, or is likely to materially improve, national productivity or Singapore’s economic, environmental or social sustainability; and(c)is or is intended principally for use by (whether or not free) or for the benefit of the present and future generations of the general public in Singapore;