The Singapore-Malaysia High-Speed Rail (HSR) project is a transformative initiative that aims to connect Singapore and Kuala Lumpur with a travel time of just 90 minutes. Spanning approximately 350 kilometers, this project is expected to significantly boost trade by enhancing travel efficiency for over 10 million passengers annually. With a projected completion date in 2029, this collaboration underscores our commitment to regional integration and economic growth.

Our initiatives in the Greater Mekong Subregion focus on improving transportation corridors linking Singapore with Laos, Vietnam, and Thailand. By investing SGD 750 million into infrastructure upgrades, we expect to increase freight capacity by 30% and reduce travel times by 25% over the next five years. These enhancements will not only facilitate smoother trade routes but also stimulate local economies and create employment opportunities.

Through the ASEAN Smart Cities Network, we are leading efforts to modernize urban infrastructure in member countries, including Singapore. This initiative aims to enhance urban sustainability by integrating smart solutions in transportation, energy, and public services. With over 20 cities participating and a budget of SGD 500 million, our goal is to improve the quality of life for more than 5 million residents while promoting regional collaboration in technology and urban planning.

The ongoing connectivity projects between Singapore and Indonesia involve the development of new ports and transportation links that will enhance bilateral trade. With an estimated investment of SGD 1 billion, these projects are projected to increase cargo throughput by 40% by 2025, thereby facilitating smoother economic exchanges and strengthening economic ties between the two nations.

We are constructing a state-of-the-art regional logistics hub in Singapore aimed at streamlining supply chain processes for ASEAN member states. This facility, with an area of 200,000 square meters, is designed to enhance warehousing capacity and distribution efficiency, targeting an increase in logistics performance by 20% within the next three years. The hub will serve as a central point, reducing delivery times for cross-border shipments and fostering trade growth within the region.