Source : The Business Times, October 27, 2007
THE government said yesterday it will develop motorsports here by working with the private sector to build a permanent race track on a 20-hectare site at Changi and putting together a comprehensive plan.
'Motorsports is an activity that has great potential for Singapore,' said Minister for Community Development, Youth and Sports Vivian Balakrishnan.
It is being recognised first as a sport in its own right and second as an industry that Singapore wants to promote, he said.
The Economic Development Board has realised that there is business potential and is part of the team working on the development project.
Emphasising that it is still at a preliminary stage, Dr Balakrishnan said: 'We are now signalling to the private sector, local and international, that Singapore is interested in the development of a permanent motor sports track.
'We want them to get in touch with the Sports Council and start the dialogue with us over the next few months as we refine the detailed specifications of the tender that we will call.'
The Singapore Sports Council will lead a multi-agency team which will market the project locally and internationally.
The seafront view and longish sides of the 30-year tenure site, which could yield a track 2.8-3.5km long with possibly one of the longest straights in Asia, would be unique selling points. The track should be able to seat at least 15,000 spectators and would be a Grade 2 FIA-approved track circuit that could host any type of motor race except Formula 1.
There would also be a Grade 1 karting track - the only such track in South- east Asia.
Promoters bidding for the track will have to bring in at least three international races and two national series a year, as well as other motor sports events and exhibitions. In addition, a motor racing and advanced driving school must be part of the facilities.
A request for proposal is expected to go out in May next year. The tender process will likely take six to nine months and the track is expected to be completed by end-2010 or early 2011.
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