THE clock is ticking as Singapore awaits the outcome of discussions between the government and the consortium tasked with building the country’s $1.87 billion Sports Hub.
The mega-project in Kallang – originally scheduled to be ready by end-2010 but which will now be completed only in mid-2013 at the earliest – has been delayed time and again, chiefly due to financial and legal issues.
It’s time for the authorities and other relevant parties to come clean and make clear their plans for the hub going forward, because whatever they say will have a bearing on the Republic’s ambitions to be a major player in the international sporting arena.
The Singapore Sports Hub Consortium must set itself a deadline to decide on what to do next. Pick a date (the sooner the better), work within that timeframe and come up with a firm working plan on how the hub should progress, after factoring in all the various stumbling blocks.
In the event that securing bank loans is still a problem next year – a distinct possibility, given the scale and budget of the Sports Hub – then a Plan B must be activated. Continue reading
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