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

• It is part of the Sports Industry Development Strategy to turn Singapore into a Sporting Nation

• To attract & host World Class Sports & Entertainment Events

• To promote Singapore as an attractive place for global talent to live & play

WHY DEVELOP A SPORTS HUB?

#1: A cluster of up-to-date and multi- functional venues to cater to World Class Sports & Entertainment Events

WHAT’S A SPORTS HUB?

#2: A Lifestyle Hub - To draw Singaporeans & tourists with a buzz of sports, leisure and entertainment activities on both event and non- event days.

#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#3: A National Architectural Icon

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

CAPITAL COST (S$m)CAPITAL COST (S$m)Facilities Cost (S$mil) Main Stadium (45,000 - 55,000 seats) with Visitor Centre, Warm Up track, including option for Retractable Roof ($30 mil)

274.30

Multi-purpose arena 44.40

Supporting Commercial Facilities (Sports Cluster/ Health & Fitness/ Leisure Activities Centre)

73.80

Aquatics Centre cum Water Leisure Park 28.00

Carpark (multi-storey parking) 81.80

Landscape 22.10

Demolition & on-site infrastructure 12.70

Associated Costs 50.49

Sub Total for Capital Cost 587.59

Contingencies (10%) 58.759

Grand Total 646.35 The cost per lot for basement carpark is about $38k and that for multi-storey carpark is about $25k.

COMPARISON OF COMPARISON OF CAPITAL COSTCAPITAL COST

Cost/seat (S$)

9216 8670 8351

6021

40002867

6100

Wembley StadiumAustralia

Stade deFrance

ManchesterStadium

HK Stadium KL Stadium ProposedSpore

Stadium* Based on 45,000 seats

REVENUEREVENUE

Facilities Revenue per annum(S$m)

New Stadium 9.83

Multi-purpose arena 3.56

Singapore Indoor Stadium 6.09

Health & Fitness Centre 1.2

Sports Cluster 6.45

Leisure Activities Centre (e.g Bowling, Snooker/billiards, retail and F&B)

5.15

Carpark 1.89

Total 34.17

Summation of the various potential revenue centres

Projected Revenue is estimated to be abt $34 mil per year

OPERATING COSTFacilities Operating Cost

per annum (S$m) New Stadium 5.54

Multi-purpose arena 1.82

Singapore Indoor Stadium 3.98

Health & Fitness Centre 0.6

Sports Cluster 3.5

Leisure Activities Centre 2.38

Carpark 2.06

Total 19.88

The operating cost is estimated to be abt $20 mil per year

REVENUES AND OPERATING COSTSREVENUES AND OPERATING COSTSIN STEADY STATE (S$mil)IN STEADY STATE (S$mil)

(S$m)

Revenues/ yr * 34.17

Operating Costs/ yr * 19.88

Profit/ yr

14.29

NPV over 30 yrs 118

* 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.

FACILITIESFACILITIESNew Stadium New Stadium (45,000 - 55,000 seating capacity (45,000 - 55,000 seating capacity with adjacent 400m warm up track)with adjacent 400m warm up track)

Multi-purpose Indoor Arena Multi-purpose Indoor Arena (6,000 seating (6,000 seating capacity)capacity)

Supporting Commercial Facilities Supporting Commercial Facilities (GFA 34,000 m(GFA 34,000 m22))

Carpark - 3,275 lotsCarpark - 3,275 lots

Aquatics Centre cum Water Leisure Park*Aquatics Centre cum Water Leisure Park*

Existing Singapore Indoor StadiumExisting Singapore Indoor Stadium (Will be included as parts of Sports Hub and be managed by the same Sports (Will be included as parts of Sports Hub and be managed by the same Sports

Hub operator)Hub operator) *The Aquatics Centre was not included in the original feasibility study. Capital cost is estimated to be *The Aquatics Centre was not included in the original feasibility study. Capital cost is estimated to be

about S$30milabout S$30mil

Netball Centre

Tennis/ Squash Centre

Open Space

Cricket Field

Leisure

DromeKallang Theatre

SITESITE

35.6 ha

Indoor Stadium

Oasis Rest

New MRT Station

New KPE

Stadium Carpark

Practice Track

N

National Stadium

Kallang - Paya Lebar Expressway

Kallang - Paya Lebar Expressway

NEW TRANSPORT LINKSNEW TRANSPORT LINKS

Circle

Lin

e –

Bouleva

rd S

tatio

n

Circle

Lin

e –

Bouleva

rd S

tatio

n

Stadium

Boulevard

Stadium Walk /

Crescent

Tanjong Rhu Rd

ECP

Geylang River

Nicoll Highway

KPE Interchanges near Kallang site

Circle Line Phase 1 (CCL1)

• Total length : 5 km • 6 stations• Opening in 2009

Method of Procurement Method of Procurement

Public Private PartnershipPublic Private Partnership (PPP) (PPP) in the form of in the form of

DDesign, esign, BBuild, uild, FFinance, inance, TTransfer, ransfer, OOperate (DBFTO) modelperate (DBFTO) model

Ownership of Sports Hub will be transferred to the government Ownership of Sports Hub will be transferred to the government as soon as construction is completed and the PPP provider as soon as construction is completed and the PPP provider continue to have the exclusive rights to operate the facilitiescontinue to have the exclusive rights to operate the facilities

PPP Model PPP Model Government’s RoleGovernment’s Role

Own the Sports Hub land and buildingOwn the Sports Hub land and building

Lease the land to PPP providerLease the land to PPP provider

Annual payment (over 20-30 years) to cover:Annual payment (over 20-30 years) to cover:

- Development Cost of approx $650mil- Development Cost of approx $650mil

- Cost of Operations and Maintenance (Availability - Cost of Operations and Maintenance (Availability

Payment)Payment)

Entitled to x% of event days/yearEntitled to x% of event days/year

(To be set aside for govt use)(To be set aside for govt use)

What is PPP?

PPP Provider’s RolePPP Provider’s Role

DDesign, esign, BBuild, uild, FFinance and inance and OOperate the perate the

entire Sports Hub to meet the public entire Sports Hub to meet the public

sector’s requirementsector’s requirement

MarketMarket the Sports Hub and attract major the Sports Hub and attract major

events*events*

Ensure Ensure operationaloperational viabilityviability

PPP ModelPPP Model

* Market event days not taken by the govt and maximise revenues * Market event days not taken by the govt and maximise revenues by attracting eventsby attracting events

TimelineTimeline

Phase 1 (Jul 05 - Feb 07)Phase 1 (Jul 05 - Feb 07)

Tender Process Tender Process

- - Pre-qualificationPre-qualification

- Request for bid and concept design- Request for bid and concept design

- Best and Final Offer (BAFO)- Best and Final Offer (BAFO)

Phase 2 (Mar 07 - Dec 10)Phase 2 (Mar 07 - Dec 10)

Construction Construction

THE END