Business Times - 05 Apr 2005
S'pore invites tenders for $650m sports centre
SINGAPORE - Singapore has invited prospective bidders to build a S$650 million (US$400 million) sports centre, the Government said on Tuesday.
The proposed Sports Hub, which would be the Republic's largest sports and leisure development, will be situated on a 35-ha site on the outskirts of the business district.
The Ministry of Community Development, Youth and Sports said in a statement that the sports centre will be a 'national icon' that would cater to international sporting and entertainment events.
Its centrepiece will be a 55,000-capacity stadium featuring a retractable roof, set to replace the existing National Stadium built in 1973.
A new 6,000 capacity multi-purpose indoor arena, as well as other leisure and commercial developments, will also be built in the surrounding area.
The Government hopes to select a successful bidder in September next year.
Construction work on the project will commence in 2007 and is expected to be completed by 2010.
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