Sports Hub project hit by lack of money
Lack of financing has put the brakes on the $1.87 billion development at Kallang. -ST
Fri, Apr 24, 2009
The Straits Times
By Jeanette Wang
A LACK of financing has put the brakes on the $1.87 billion Singapore Sports Hub project at Kallang.
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 yesterday.
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.'
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