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Thread: Tearing down the National Stadium

  1. #21
    Member whizzard's Avatar
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    Default Re: Tearing down the National Stadium

    The money's almost in the bag. Its gonna go soon ..... for sure this time.

    +++++++++++++++++++++++++++++++++++++++++
    July 16, 2010 - basis point - The S$1.8bn Singapore Sports Hub project financing is expected to be signed next month, banking sources said.

    Banks are processing internal credit approvals after completing due diligence on the project.

    The S$1.8bn facility is said to comprise a S$1.5bn 10-year term loan and a S$300m bridging loan with an around five-year tenor, as previously reported.

    The all-in for the term loan is said to be around 300bp via a margin of 250bp over Libor, while the margin for the bridge is said to be below 200bp.

    The bridge, which is to provide equity to the sponsors, could have credit enhancements.

    The debt service coverage ratio is expected to be adjusted to 1.15 times from the original 1.1 times proposal.

    Eleven banks are expected to form a club: Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Credit Agricole CIB, DBS Bank, HSBC, National Australia Bank, Natixis, OCBC Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corp and WestLB.

    Banks received an initial term sheet in December 2009.

    On 11 November 2009, HSBC sent out the request for proposals to banks on behalf of the Dragages Singapore Pte Ltd-led consortium, restarting a process which had been on hold since early 2009 due to adverse market conditions.

    Under the public-private partnership project, the consortium will sign a 25-year contract with the Singapore Sports Council and will be responsible for the design, financing, construction, operation and maintenance of the project.

    Only 75% of the revenue from the project is expected to be contracted throughout the 25-year lease, with 25% from other sources. These could include car park revenues, corporate boxes and club seats sales, sales of naming rights and advertising, third-party promoter events and rental revenues from retail shops.

    The construction, estimated to cost S$1.87bn, is expected to take three years to be completed. The project's completion date, which was announced in 2005, is expected to be pushed back to 2013 from 2010.

    The consortium comprises Dragages Singapore, HSBC Infrastructure Fund, United PREMAS Ltd and Global Spectrum Asia Pte Ltd.

  2. #22
    Senior Member xtemujin's Avatar
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    Arrow Re: Tearing down the National Stadium

    Any update on the date that the National Stadium will start to be demolished ?

  3. #23
    Senior Member sinned79's Avatar
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    Default Re: Tearing down the National Stadium

    Quote Originally Posted by xtemujin View Post
    Any update on the date that the National Stadium will start to be demolished ?
    i went second time that day with a friend. The security guard say sometime in nov-dec.

  4. #24
    Senior Member xtemujin's Avatar
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    Arrow Re: Tearing down the National Stadium

    I read somewhere that it will be demolished in August, now November - December time frame.

    Thanks.

    Quote Originally Posted by sinned79 View Post
    i went second time that day with a friend. The security guard say sometime in nov-dec.

  5. #25
    Senior Member sinned79's Avatar
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    Default Re: Tearing down the National Stadium

    Quote Originally Posted by xtemujin View Post
    I read somewhere that it will be demolished in August, now November - December time frame.

    Thanks.
    haha they been delaying.

  6. #26

    Default Re: Tearing down the National Stadium

    Quote Originally Posted by sinned79 View Post
    i went second time that day with a friend. The security guard say sometime in nov-dec.
    Thanks... shall pay a visit to this historic icon b4 it is tear down!!


  7. #27

    Default Re: Tearing down the National Stadium

    How are they gonna tear it down? Piece by piece or via implosion like what we see on discovery channel?

  8. #28

    Default Demolition of Kallang Stadium

    Oh no.. the time has come. Plans to redevelope the nation stadium has be realised. The demolition of the existing national stadium will commence by October 2010 according to The Straits Times. Though expected, but still very sad upon seeing the news.

    So fellow Csers, its your last chance to photograph this national landmark. \

    Heres the link
    http://www.ssc.gov.sg/publish/Corpor...AL_SIGNED.html
    Last edited by chiangkxv; 26th August 2010 at 02:35 PM.

  9. #29
    Senior Member xtemujin's Avatar
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    Arrow Re: Tearing down the National Stadium

    Sports Hub to open by April 2014
    By Tan Yo-Hinn | Posted: 26 August 2010 0215 hrs

    SINGAPORE: After being stalled for nearly two years due to the global financial downturn, the Sports Hub project will finally kick into gear.

    On Wednesday, the Singapore Sports Council (SSC) signed the contract with the Singapore Sports Hub Consortium to design, build, finance and operate the Sports Hub for the next 25 years on a 35-hectare site in Kallang.

    Demolition of the National Stadium, which sits on the site, will begin in October, and the new facility will open its doors by April 2014.

    The final construction cost is estimated to be $1.33 billion - which the Government will pay in annual payments.

    No financing details were available following the midnight announcement.

    "I am glad that we are ready to start construction of the Singapore Sports Hub," said Dr Vivian Balakrishnan, Minister for Community Development, Youth and Sports, in a statement.

    "It will be a fully integrated sports, leisure, entertainment and lifestyle hub for world-class events and community activities. The facilities will be accessible to the public and to top athletes to train and compete in. As part of the Greater Marina Bay masterplan, the Singapore Sports Hub will also contribute to the larger Government objective of re-positioning Singapore as a great place to work, live and play," he said.

    When completed, the Sports Hub will include a 55,000-seat National Stadium with a retractable roof, a 6,000-seat indoor aquatics arena, about 41,000 square metres of business, commercial and retail space, and a sports institute.

    Two new features of the Sports Hub are a bowl-cooling system and retractable seats for the main stadium.

    The bowl cooling system features blowing treated air from chillers through holes in the tier below each seat.

    There will also be a sports library and sports museum, as well as other amenities including a volleyball court, rock-climbing wall, hard courts, a skate park and state-of-the-art training and sports recovery facilities, among others.

    The Sports Hub will also strive to attract live entertainment events, conventions and exhibitions, while 80 corporate boxes will be available for lease during major sporting events.

    The deal between the Singapore Government and the consortium is the largest sports infrastructure public-private-partnership project in the world.

    - CNA/de

  10. #30
    Member dingaroo's Avatar
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    Default Re: Demolition of Kallang Stadium

    Maybe a good long term personal project is to shoot the area on a weekly basis and develop it into a time lapse, and see the destruction and construction of the area.

    Maybe I'll go down after work to capture it.

    Cheers!
    A picture a day keeps the blues away!

  11. #31
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    Default Re: Tearing down the National Stadium

    gonna shoot in a few dya time
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  12. #32
    Senior Member Cheesecake's Avatar
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    Default Re: Demolition of Kallang Stadium

    when they really start then i will belif.


    been 'crying wolf' for such a long time liao n yet, it never materialise.



    maybe it is about time they really knock out the grand old dame.
    You'll Never Walk Alone! - i have the best job in the world!

  13. #33

    Default Re: Tearing down the National Stadium

    Threads merged. Same topic
    One-North Explorers
    | Leave nothing but footprints, take nothing but photos |

  14. #34
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    Default Re: Tearing down the National Stadium

    this time it will be gone for good . . . full of memories and feelings.

  15. #35
    Senior Member xtemujin's Avatar
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    Arrow Re: Tearing down the National Stadium

    Date:08 Sep 2010 0001 hrs (GMT + 8hrs)

    Removal work at National Stadium in full swing
    By: Milton Sau

    SINGAPORE : The demolition process of Singapore's National Stadium is now in full swing.

    After the grass was removed recently, it is now the turn of the wooden benches.

    The move will pave the way for the construction of a new Sports Hub by April 2014.

    Benches that are still in good condition will be recycled for use at the new facility.

    Other items that will be salvaged include the commemorative plagues and museum pieces.

    The stadium's turf, removed last month, will be re-planted at other Singapore Sports Council fields.

    The construction cost of the new Sports Hub is estimated at S$1.33 billion. Some features include a new 55,000-seat stadium and a 6,000-capacity indoor Aquatic Centre.

    - CNA/al
    Last edited by xtemujin; 8th September 2010 at 12:07 AM.

  16. #36
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    Default Re: Tearing down the National Stadium

    hope it will be finish soon

  17. #37

    Default Re: Tearing down the National Stadium

    anyone still able to sneak in recently? was planning to go down there to take some photos one of these weekends ^_^|||

  18. #38

    Default Re: Tearing down the National Stadium

    Quote Originally Posted by slmka View Post
    anyone still able to sneak in recently? was planning to go down there to take some photos one of these weekends ^_^|||
    Not anymore, you're too late. haha.

    It is covered by fences already.

  19. #39

    Default Re: Tearing down the National Stadium

    too bad >_<

  20. #40

    Default Re: Tearing down the National Stadium

    Quote Originally Posted by slmka View Post
    too bad >_<
    You should go earlier la, haha. You missed the opportunity.

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