and stormwater drainage. This corresponds to annual investments of USD 117 per capita, which is higher than in the United States where the corresponding figure is USD 97. Financing. In 2005 PUB issued for the first time a bond, raising S$400 million, to finance part of its investment program. Since then, bonds have been issued regularly, including a S$300 million bond with a maturity of 20 years in 2007. During the financial year 2010, PUB Group received an operating grant of S$185 million to fund the operation and maintenance of the stormwater drainage network and operating costs of certain water infrastructure assets such as the Marina, Serangoon and Punggol Reservoir schemes. Notes References External links Ministry of the Environment and Water Resources Public Utilities Board of Singapore National Environment Agency