Singapore Sports Hub (SSH) Consortium, which nailed the bid for the upcoming Sports Hub with its iconic dome-shaped design, is now in preliminary talks with Genting International to build a hotel in the Sports Hub.
Provision for hotel: The winning design of the Sports Hub, which is expected to be ready in end-2011, includes an optional 528-room hotel'We are in discussion with Genting International to invest in a hotel in the Sports Hub. The construction cost of the hotel will be roughly $200 million,' Ludwig Reichhold, managing director of Dragages Singapore, told BT yesterday.
In the retail space, the consortium is looking to team up with Frasers Centrepoint as its partner, he added.
The winning design comprises an optional 528-room hotel, retail, and a food and beverage area of more than 41,000 sq m. There will also be a water leisure park, a multi-purpose indoor area, an indoor aquatic centre, a watersports centre and the Singapore Indoor Stadium.
Dragages is a subsidiary of France-based Bouygues Construction, which is behind world-renowned landmarks like the Stade de France stadium in Paris, the renovation of the Louvre art gallery, also in Paris, and the restoration of Singapore's The Fullerton hotel.
Other main partners in the consortium are HSBC Infrastructure Fund Management Limited, United Premas, Global Spectrum Asia Pte Ltd, World Sport Group, Active Rights Management, ARUP Sports and DP Architects.
Far from a new kid on the block, Dragages has been participating in public-private partnerships in other parts of the world such as the UK, South Africa and France.
In Singapore, Dragages is the main contractor for City Developments' condominium project The Sail @ Marina Bay.
Commenting on the winning proposal over the weekend, Minister for Community Development, Youth and Sports Vivian Balakrishnan said the preferred bidder for this Public-Private Partnership project displays significant strengths in programming, team culture and partnership, functionality and layout, as well as offers the best value for money solution for Singapore.
The first international event that SSH Consortium hopes to bring in is the SEA Games 2013, Mr Reichhold said. It is also looking to set up professional football leagues, including two Singapore football clubs at the Sports Hub targeted at youths.
'We intend to organise community events to promote sports among the youth . . . and the fact that we are re-investing some of the commercial revenue back into the project in sports events and community events will help Singapore to have a broader sports play than now,' Mr Reichhold said.
The Sports Hub is expected to be ready in end-2011 to replace the 35-year-old National Stadium. Once it is up and running, the bulk of the revenue is expected to come from retail and events. Up to 75 per cent of the revenue will be ploughed back into the project.
The government will pour in $1.87 billion over the 25-year tenure while the consortium will bear another $1.2 billion in capital expenditure.
Mr Reichhold said he does not expect the costs of building the Sports Hub to be affected by rising construction costs.
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