DBS Bank, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp have arranged the financial package.
Hyflux also reported that the company is on track to securing financing for the power plant facility that will be installed on site.
The engineering procurement and construction works for the desalination facility of the Tuaspring plant will be undertaken by a subsidiary of the company.
Construction is estimated to be completed within two years from notice to proceed.
Hyflux is a provider of integrated water management and environmental solutions with operations and projects in Singapore, Southeast Asia, China, India, Algeria, the Middle East and North Africa.
