Sports Hub Lacks Funding

Source : The Straits Times, April 23, 2009

ST EXCLUSIVE

A LACK of financing has put the brakes on the $1.87 billion Singapore Sports Hub project at Kallang.

The $1.87 billion Sports Hub project is suffering from a lack of financing the lead agency of the Singapore Sports Hub Consortium told The Straits Times on Thursday, Apr 23. -- PHOTO: SINGAPORE SPORTS HUB CONSORTIUM

Construction cannot go ahead because of this, Mr Ludwig Reichhold, managing director of construction firm Dragages Singapore, the lead agency of the Singapore Sports Hub Consortium (SSHC), told The Straits Times on Thursday.

He said: 'The project is more or less ready to start because the design has been developed to a stage where we have a provisional permit to start.'

Read the full story in Friday's edition of The Straits Times.