Redevelopment of national stadium into a sports hub at kallang 26 jan 2005
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REDEVELOPMENT OF NATIONAL STADIUM INTO A SPORTS HUB AT KALLANG 26 JAN 2005 - PowerPoint PPT Presentation


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REDEVELOPMENT OF NATIONAL STADIUM INTO A SPORTS HUB AT KALLANG 26 JAN 2005. WHY DEVELOP A SPORTS HUB ?. It is part of the Sports Industry Development Strategy to turn Singapore into a Sporting Nation To attract & host World Class Sports & Entertainment Events

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REDEVELOPMENT OF NATIONAL STADIUM INTO A SPORTS HUB AT KALLANG 26 JAN 2005

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REDEVELOPMENT OF NATIONAL STADIUM INTO A SPORTS HUB AT KALLANG26 JAN 2005


WHY DEVELOP A SPORTS HUB?

  • It is part of theSports Industry

  • Development Strategyto turn

  • Singapore into a Sporting Nation

  • To attract & hostWorld

  • Class Sports&Entertainment

  • Events

  • To promote Singapore as an

  • attractive place forglobal

  • talentto live & play


WHAT’S A SPORTS HUB?

#1: A cluster of up-to-date and multi-

functional venues to cater to World

Class Sports & Entertainment

Events


  • #2:

  • A Lifestyle Hub

  • - To draw Singaporeans &

  • tourists with a buzz

  • of sports, leisure and

  • entertainment activities

  • on both event and non-

  • event days.

  • #3:

  • A National Architectural Icon


  • FEASIBILITY STUDY

  • Jun - Dec 2002

  • Consortium led by PricewaterhouseCoopers

  • Consortium (PWC)

  • Feasibility Study-Site, Transport Network, Projected

  • Revenue on event days, Capital & operating cost etc

  • Key result of the study

  • Sports Hub Project is commercially viable on

  • an operational basis. It is not possible to

  • fully recover the Development Cost


CAPITAL COST (S$m)


COMPARISON OF CAPITAL COST

* Based on 45,000 seats


REVENUE

Summation of the various potential revenue centres

Projected Revenue is estimated to be abt $34 mil per year


OPERATING COST

The operating cost is estimated to be abt $20 mil per year


REVENUES AND OPERATING COSTSIN STEADY STATE (S$mil)

* Revenues and costs shown are the average per year. In the actual model,

these vary from year to year depending on whether there are major events

or cyclical maintenance projected in that year.


FACILITIES

  • New Stadium (45,000 - 55,000 seating capacity with adjacent 400m warm up track)

  • Multi-purpose Indoor Arena (6,000 seating capacity)

  • Supporting Commercial Facilities (GFA 34,000 m2)

  • Carpark - 3,275 lots

  • Aquatics Centre cum Water Leisure Park*

  • Existing Singapore Indoor Stadium

    (Will be included as parts of Sports Hub and be managed by the same Sports Hub operator)

    *The Aquatics Centre was not included in the original feasibility study. Capital cost is estimated to be about S$30mil


SITE

New KPE

Netball Centre

35.6 ha

Tennis/ Squash Centre

Cricket Field

Open Space

New MRT Station

Leisure

Drome

Kallang Theatre

Oasis Rest

Indoor Stadium


N

NEW TRANSPORT LINKS

Stadium Carpark

National Stadium

Circle Line – Boulevard Station

Kallang - Paya Lebar Expressway

Practice Track


Nicoll Highway

Stadium Boulevard

Stadium Walk / Crescent

Geylang River

Tanjong Rhu Rd

ECP

KPE Interchanges near Kallang site


Circle Line Phase 1 (CCL1)

  • Total length : 5 km

  • 6 stations

  • Opening in 2009


Method of Procurement

  • Public Private Partnership (PPP) in the form of

    Design, Build, Finance, Transfer, Operate (DBFTO) model

    • Ownership of Sports Hub will be transferred to the government as soon as construction is completed and the PPP provider continue to have the exclusive rights to operate the facilities


What is PPP?

PPP Model

Government’s Role

  • Own the Sports Hub land and building

  • Lease the land to PPP provider

  • Annual payment (over 20-30 years) to cover:

    - Development Cost of approx $650mil

    - Cost of Operations and Maintenance (Availability

    Payment)

  • Entitled to x% of event days/year

    (To be set aside for govt use)


PPP Model

PPP Provider’s Role

  • Design, Build, Finance and Operate the entire Sports Hub to meet the public sector’s requirement

  • Market the Sports Hub and attract major events*

  • Ensure operationalviability

* Market event days not taken by the govt and maximise revenues by attracting events


Timeline

Phase 1 (Jul 05 - Feb 07)

  • Tender Process

    - Pre-qualification

    - Request for bid and concept design

    - Best and Final Offer (BAFO)

    Phase 2 (Mar 07 - Dec 10)

  • Construction


THE END


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