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

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

  2. 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

  3. WHAT’S A SPORTS HUB? #1: A cluster of up-to-date and multi- functional venues to cater to World Class Sports & Entertainment Events

  4. #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

  5. 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

  6. CAPITAL COST (S$m)

  7. COMPARISON OF CAPITAL COST * Based on 45,000 seats

  8. REVENUE Summation of the various potential revenue centres Projected Revenue is estimated to be abt $34 mil per year

  9. OPERATING COST The operating cost is estimated to be abt $20 mil per year

  10. 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.

  11. 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

  12. 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

  13. N NEW TRANSPORT LINKS Stadium Carpark National Stadium Circle Line – Boulevard Station Kallang - Paya Lebar Expressway Practice Track

  14. Nicoll Highway Stadium Boulevard Stadium Walk / Crescent Geylang River Tanjong Rhu Rd ECP KPE Interchanges near Kallang site

  15. Circle Line Phase 1 (CCL1) • Total length : 5 km • 6 stations • Opening in 2009

  16. 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

  17. 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)

  18. 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

  19. 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

  20. THE END

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