SG: Changi Motorsports Hub Project axed
The Singapore Sports Council has comfirmed that it will not carry on with the re-tender for the Changi Motorsports Hub site. The project has been axed after an extensive international and local market research deemed the concept not viable; potential investors may be turned off by certain conditions attached to the construction of the site. The conditions include the flexibility of lease terms and land use, as well as tax concessions. There were 7 proposals from six consortias, with ideas that included an FIA grade 2 or 3 circuit, a CIK graded karting circuit, a racing academy, a dragstrip, and bonded warehousing. To help reduce costs, a theme park, watersports marina, retail and F&B were proposed.
The 41-hectare site set aside for the Motorsports Hub will be reinstated to authorities at a later date. In the mean time SSC is working with the relevant agencies on interim uses for the site such as karting activities and so on.
The race track project has been stalled since 2011 after the Japanese-led consortium that won the bid ran out of money.
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