Singapore and the Netherlands signed an agreement on November 21st (Wednesday) to enhance cooperation on environmental and water management.
This is the first time the two countries are signing a memorandum of understanding in the area of both environment and water.
This deal will also look to support industry efforts to develop technologies and capabilities in water production, between the private and public sectors.
Environment and Water Resources Minister Masagos Zulkifli said - We need to transition to a circular economy because the current linear model of ‘make, use and dispose’ is inherently unsustainable in the long-term.
Thereby, enhancing capabilities in four areas: Integrated water resource management, circular economy, climate change, and pollution prevention and control. The signing of the agreement was witnessed by King Willem-Alexandar of the Netherlands and President Halimah Yacob as part of her five-day State Visit to the country.
The upcoming multi-billion-dollar Tuas Nexus project, which comprises an integrated waste management facility and a water reclamation plant, would roughly require more than S$5 billion in tenders will be called for the development of it over the next five years, and the facility is expected to be completed from 2023 onwards.
It was also stated by Mr Masagos that the transition towards a circular economy can present an opportunity for collaboration between Singapore and Dutch companies. This might provide an opportunity to Singapore to explore new economy concepts.
Source: Loh, 2018