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Singapore Sports Hub deal signed
The Singapore Sports Council and the Singapore Sports Hub Consortium have signed a contract for the consortium to design, build, finance and operate the Singapore Sports Hub for the next 25 years. The consortium will begin demolition of the National Stadium within weeks, with the facility set to open its doors by April 2014.
Vivian Balakrishnan, Singapore's Minister for Community Development, Youth & Sports, said "the Singapore Sports Hub will be a fully integrated sports, leisure, entertainment and lifestyle hub for world-class events and community activities.
"The facilities will be accessible to both the general public and top athletes to train and compete in. As part of the Greater Marina Bay masterplan, the Singapore Sports Hub will also contribute to the larger government objective of repositioning Singapore as a great place to work, live and play."
Singapore Sports Council Chief Executive Oon Jin Teik added "based on international feedback and comparison of the Singapore Sports Hub with other major sports facilities around the world, I am confident that our Sports Hub is highly unique as it is conceived as part of the larger Sporting Singapore 2001 blueprint, which looks at sports development holistically.
"We have the world's first integrated land and water sports facility with extensive retail space and a sea-front location within the city."
Ludwig Reichhold, Managing Director, Dragages Singapore, is delighted that the deal has been agreed, stating "we are very happy to finally close the deal.
"We are ready to go full swing - in partnership with the Government of Singapore, we will bring together the strength of our consortium and ensure Singapore Sports Hub reaches its full potential to create the excitement seen in other world class venues, thereby fulfilling the project vision and objectives set by the Singapore Sports Council."
Under the Private-Public-Partnership (PPP) arrangement, the Singapore Government will pay the consortium an annual payment (covers construction, operating and financing costs) over 25 years. The construction cost is S$1.33 billion, which the government does not pay upfront. The government's payment will be through annual payments.
The Singapore Sports Hub is the largest sports infrastructure Public-Private-Partnership (PPP) project in the world and Singapore's largest and flagship PPP project. Under the PPP model, the Consortium brings in their expertise in various aspects of the project, such as construction, financing and programming, while the Government makes monthly payments to the Consortium when the facilities and services become operational and meet the contractual obligations.
Key features of the Singapore Sports Hub will include:
• For easy accessibility to the Sports Hub in Kallang, the Stadium Mass Rapid Transit (MRT) station is located next to the National Stadium. The entire Sports Hub is also designed with features to facilitate movement for people with disabilities.
• For the comfort of all spectators, the new National Stadium will feature individual seats, natural ventilation and a retractable roof for all-weather enjoyment. It will be Singapore's largest all weather sports venue, and uses an innovative bowl cooling system that provides comfort with limited energy usage. The new National Stadium also features retractable seating which will allow us to bring spectators up close to the action, customised for soccer, rugby, cricket, athletics, and major spectacular events (e.g. National Day Parades).
• For the enjoyment of mobile and technology-savvy stakeholders, including remote spectators, the entire Sports Hub will be wired up with fiber optics and driven by technology and Customer Relationship Management (CRM) solutions to ensure a refreshing, immersive, and interactive user experience. The entire Sports Hub, supported by a sports library and sports museum, will showcase knowledge-int ...
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