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 KALLANG26 JAN 2005
WHY DEVELOP A SPORTS HUB?
WHAT’S A SPORTS HUB?
#1: A cluster of up-to-date and multi-
functional venues to cater to World
Class Sports & Entertainment
* Based on 45,000 seats
Summation of the various potential revenue centres
Projected Revenue is estimated to be abt $34 mil per year
The operating cost is estimated to be abt $20 mil per year
* 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.
(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
Tennis/ Squash Centre
New MRT Station
NEW TRANSPORT LINKS
Circle Line – Boulevard Station
Kallang - Paya Lebar Expressway
Stadium Walk / Crescent
Tanjong Rhu Rd
KPE Interchanges near Kallang site
Circle Line Phase 1 (CCL1)
Design, Build, Finance, Transfer, Operate (DBFTO) model
What is PPP?
- Development Cost of approx $650mil
- Cost of Operations and Maintenance (Availability
(To be set aside for govt use)
PPP Provider’s Role
* Market event days not taken by the govt and maximise revenues by attracting events
Phase 1 (Jul 05 - Feb 07)
- Request for bid and concept design
- Best and Final Offer (BAFO)
Phase 2 (Mar 07 - Dec 10)