Budget Speech 2025

Lastly, our efforts to diversify the financing strategy to support infrastructure are taking shape.

A credit guarantee vehicle to mobilize private sector capital by derisking projects, will be launched in 2026. Its initial focus will be on independent transmission aimed at bridging the energy transmission deficit. Once the vehicle has demonstrated its efficacy, it will be broadened to include other sectors.

Government will issue its first infrastructure bond in 2025/26. We will also introduce other innovative financing instruments to diversify the infrastructure funding sources. Financial institutions including pension funds, banks, development banks and international financial institutions have already expressed interest in participating.

This, Madam Speaker, is how we plan to leverage infrastructure investment to ease supply side constraints to the economy and improve the quality of public services the people get.