Singapore boosts maritime fund for automated future - Supply Management
The new funds will drive Singapore's next phase of growth to become a global maritime hub © PA Images
The new funds will drive Singapore's next phase of growth to become a global maritime hub © PA Images

Singapore boosts maritime fund for automated future

7 March 2018

The Maritime and Port Authority of Singapore (MPA) will boost its Maritime Cluster Fund (MCF) by S$100m to aid the industry in adopting new technologies and grooming talent for a digital and automated future.

Speaking at the Committee of Supply debate discussing details of the recently announced 2018 budget, Lam Pi Min, senior minister of state for transport, said the MCF injection would support around 30 new projects and benefit 5,000 people annually.

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