Singapore has announced a significant investment of S$800 million in transport research and innovation for the next five years. This funding, part of the National Research Foundation's RIE2030 plan, more than doubles the previous five-year commitment and aims to solidify the city-state's status as a global hub for transport and connectivity. Acting Transport Minister Jeffrey Siow emphasized the need for continuous investment in new technologies to maintain competitiveness amid the digital transformation of global supply chains.
Singapore will invest S$800 million in transport research and innovation over the next five years. The funding, which comes under the National Research Foundation's RIE2030 plan, is more than double the amount committed over the last five years and aims to strengthen Singapore's position as a global transport and connectivity hub.
Acting Transport Minister Jeffrey Siow said Singapore must continue investing in new technologies to stay competitive as global supply chains become increasingly digital
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