Singapore to invest $44bln to double rail network

Present rail network not enough for Singapore's growing population currently at around 5mln.

Singapore plans to invest S$60 billion over the next decade to double its suburban rail network to cope with the city-state's growing population, Prime Minister Lee Hsien Loong said on Sunday.

The move comes as Singapore is expected to post economic growth of between 13-15 percent this year, which would be the among the highest in the world.

"We are investing enormously in our rail network, in fact over the next decade we are going to spend S$60 billion and we are going to double the rail network," Lee said in an address to the nation.

View the full story in Reuters.

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