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An artist’s impression of the Sports Hub at the National Stadium site in Kallang. The project’s completion date has been delayed repeatedly. — PHOTO: SINGAPORE SPORTS HUB CONSORTIUM
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The $1.87 billion Sports Hub, to be built on the site of the current National Stadium at Kallang, has not exactly been the poster boy for public-private partnership (PPP) projects.
More than two years after an elaborate, pomp-filled closing ceremony involving a friendly football international between Singapore and Australia – billed as the Grand Old Dame’s last match – the National Stadium remains standing and continues to host events.
For a gamut of reasons, most recently delays in finalising funding from financial institutions, the Sports Hub’s completion date has been pushed back repeatedly from 2010 to 2011, 2012 and now 2013.
This has left many wondering whether it should have been built the same way other major infrastructure projects are – with funding from the Government.
A PPP is a long-term (usually 15 to 30 years) collaboration between the public and private sectors to deliver infrastructure and services. Continue reading
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