SG: SG Changi returns land to government
Three years after its contract to build Singapore’s first permanent track was cancelled by the Government, the firm behind the track, SG Changi, has finally drawn this chapter of local motorsports to a close. The remaining $6.9 million debt was paid to the piling contractors CS Construction & Geotechnic (CSCG), and the land has been returned to the Singapore Land Authority (SLA) three weeks ago by Sport Singapore. They also revealed that they have refunded some of SG Changi’s paid-up capital on Oct 21, after subtracting the sum for the reinstatement of the land. The land is now free for redevelopment, and some of the piles may be reused. However, according to experts, if the footprint is different, engineers will have to work around them.Pictures used for illustration purposes only.
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