Tag Archives: Singapore Agro Agriculture Pte Ltd

3.5km race track will have grandstand for at least 8,000

It’s all systems go for the Changi Motorsports Hub (CMH).

Three of the seven parties that applied for the Request For Proposal (RFP) to build and manage the 41 hectare hub submitted tender proposals by the 4pm deadline yesterday.

And the outcome is one the Singapore Sports Council (SSC) is happy with, given the challenging economic climate.

Submissions came in from Singapore Agro Agriculture, Sports Services, which is linked to Haw Par Corporation, and SG Changi, a consortium of different partners.

The winning party will be known by the first quarter of 2010.

‘Haw Par submitted a bid before the close this afternoon,’ Haw Par confirmed yesterday when contacted by BT. Continue reading →

Three consortiums have submitted tenders to build Singapore’s permanent racing track in Changi. The Singapore Sports Council (SSC) had called for tenders in March and the bidding closed at 4pm on Thursday.

The three consortiums are SG Changi Pte Ltd, Singapore Agro Agriculture Pte Ltd and Sports Services Ltd. The bids include designing, building, financing and managing the Changi Motorsports Hub (CMH).

The 41-hectare site will be released on a 30-year lease. It is expected to be ready by end-2011 and will feature a 3.5-kilometre track, an 8,000-spectator grandstand and F&B outlets.

The successful bidder will be awarded the project by the first quarter of 2010. SSC is confident the CMH project will not be delayed like the Sports Hub.

Oon Jin Teik, CEO of SSC, said: “The Sports Hub is about liquidity issues in a global market due to the financial crisis. This is a much smaller project compared to the Sports Hub and I think it is also one that potential bidders will have to assess their own financial situation.”

Source : Channel NewsAsia – 27 Aug 2009