Encouraging Changi Track News!
- Thread starter Shaun
- Start date
Re: Encouraging Changi Track News!
See lah ya horny bugger!
The Reproductive Imperative...
Don't worry your kid will get bigger soon and you'll be the racing manager, challenge each other in sport driving, and drain the bank account together.. team effort... good bonding....
jwwu;670117 said:
See lah ya horny bugger!
The Reproductive Imperative...Don't worry your kid will get bigger soon and you'll be the racing manager, challenge each other in sport driving, and drain the bank account together.. team effort... good bonding....
MachoMan
Well-Known Member
Re: Encouraging Changi Track News!
SG Changi hope for a lifeline for motorsports hub - Channel NewsAsia
SINGAPORE: In a last-minute scramble, SG Changi - the consortium contracted to build the Changi Motorsports Hub - submitted the names of two new investors and a revised timeline to the Singapore Sports Council (SSC) on Thursday.
While the original contract stipulated the facility would have to be operationally-ready by the end of this year, the new schedule will see 80 per cent of the project completed by next June.
At press time on Thursday night, an SG Changi insider said company directors Fuminori Murahashi and Moto Sakuma were still in the midst of finalising deals with the new investors.
The consortium rushed to meet the deadline to answer a show-cause letter issued by the SSC a fortnight ago, after work on Singapore's first permanent race track stalled.
Construction ground to a halt in January when contractors CSC Holdings failed to receive an advance payment of S$10 million for piling work totalling S$50 million.
They only received S$7 million and pulled out of the project last month.
When contacted on Thursday night, SSC's director of corporate communications and relations, Alvin Hang, revealed they had received submissions from SG Changi.
"We received it at 7.45pm and will be reviewing their submissions," said Hang.
SG Changi were embroiled in difficulties when one of their original directors, Thia Yoke Kian, was called up by the Corrupt Practices Investigation Bureau last November in a probe into possible irregularities in the tender process.
According to the insider, Thia, who had failed to pay for the 35 per cent shares he owned in SG Changi, was removed as director of the company on Aug 27.
"They removed Thia as director of the company and have delivered an affidavit to him that is asking for a summary judgment from the courts on Oct 20," the source said.
When contacted on Thursday, Thia said: "Yes, they dropped me as a director and I will be returning all my shares to them."
Right now, the two directors in the company are Murahashi and Sakuma, who together hold 65 per cent of the shares.
Many motorsports enthusiasts fear the project will be dumped if the last ditch attempt by SG Changi fails.
But, according to sources, a re-tender is likely to be called, after the authorities engage various stakeholders and potential investors seeking their views.
And in the revised timeline, the facility could be up by 2014.
Singapore Agro Agriculture and Haw Par Corporation, who lost out to SG Changi last year to build the hub, have previously said they were still interested in the project.
Arthur Tay, chairman of ONE°15 Marina Club, headed a group that withdrew their tender at the last minute.
Speaking to TODAY, he said: "We have the integrated resorts and the Sports Hub is coming soon, and as a regional hub of sorts we need a place for motor racing. There is a growing interest in the sport after the arrival of Formula One and people need a place where they can indulge in it. I am still interested in the project but the terms and conditions need to be revisited for it to be viable for us."
Apart from building a motorsport culture, a permanent track has economic spin-offs, according to Kevin Kwee, executive director of Group Exklusiv.
"A vibrant motorsports calendar will not only trigger the growth of auto-related industries but create jobs even in tourism," said Kwee, who decided not to make a bid after initially expressing an interest in the project.
"We do need a place to help young talent and the number who have taken to motor racing is increasing." - TODAY
SG Changi hope for a lifeline for motorsports hub - Channel NewsAsia
SINGAPORE: In a last-minute scramble, SG Changi - the consortium contracted to build the Changi Motorsports Hub - submitted the names of two new investors and a revised timeline to the Singapore Sports Council (SSC) on Thursday.
While the original contract stipulated the facility would have to be operationally-ready by the end of this year, the new schedule will see 80 per cent of the project completed by next June.
At press time on Thursday night, an SG Changi insider said company directors Fuminori Murahashi and Moto Sakuma were still in the midst of finalising deals with the new investors.
The consortium rushed to meet the deadline to answer a show-cause letter issued by the SSC a fortnight ago, after work on Singapore's first permanent race track stalled.
Construction ground to a halt in January when contractors CSC Holdings failed to receive an advance payment of S$10 million for piling work totalling S$50 million.
They only received S$7 million and pulled out of the project last month.
When contacted on Thursday night, SSC's director of corporate communications and relations, Alvin Hang, revealed they had received submissions from SG Changi.
"We received it at 7.45pm and will be reviewing their submissions," said Hang.
SG Changi were embroiled in difficulties when one of their original directors, Thia Yoke Kian, was called up by the Corrupt Practices Investigation Bureau last November in a probe into possible irregularities in the tender process.
According to the insider, Thia, who had failed to pay for the 35 per cent shares he owned in SG Changi, was removed as director of the company on Aug 27.
"They removed Thia as director of the company and have delivered an affidavit to him that is asking for a summary judgment from the courts on Oct 20," the source said.
When contacted on Thursday, Thia said: "Yes, they dropped me as a director and I will be returning all my shares to them."
Right now, the two directors in the company are Murahashi and Sakuma, who together hold 65 per cent of the shares.
Many motorsports enthusiasts fear the project will be dumped if the last ditch attempt by SG Changi fails.
But, according to sources, a re-tender is likely to be called, after the authorities engage various stakeholders and potential investors seeking their views.
And in the revised timeline, the facility could be up by 2014.
Singapore Agro Agriculture and Haw Par Corporation, who lost out to SG Changi last year to build the hub, have previously said they were still interested in the project.
Arthur Tay, chairman of ONE°15 Marina Club, headed a group that withdrew their tender at the last minute.
Speaking to TODAY, he said: "We have the integrated resorts and the Sports Hub is coming soon, and as a regional hub of sorts we need a place for motor racing. There is a growing interest in the sport after the arrival of Formula One and people need a place where they can indulge in it. I am still interested in the project but the terms and conditions need to be revisited for it to be viable for us."
Apart from building a motorsport culture, a permanent track has economic spin-offs, according to Kevin Kwee, executive director of Group Exklusiv.
"A vibrant motorsports calendar will not only trigger the growth of auto-related industries but create jobs even in tourism," said Kwee, who decided not to make a bid after initially expressing an interest in the project.
"We do need a place to help young talent and the number who have taken to motor racing is increasing." - TODAY
Re: Encouraging Changi Track News!
Help...
1. Can anyone comprehensively list the different designations for plots of land in Singapore. There's residential, industrial, commercial, recreational, what else? What are the subdivisions for say recreational, since it is such a broad definition.
2. What sort of designation specifically did the Changi plot have in order to be approved for track construction?
3. Is it the URA website one would go to in order to search for any and all land with a specific designation, regardless if it's for lease or sale? The website is pretty big and I'm not sure of which terms or section to look for. Any tips or suggestions?
4. Is there a specific title for a person or company that specializes in locating land for a specific purpose that you define? What are they called? And do you have friends or acquaintances working in such an area? If so, please recommend..
Thanks in advance guys...
Help...
1. Can anyone comprehensively list the different designations for plots of land in Singapore. There's residential, industrial, commercial, recreational, what else? What are the subdivisions for say recreational, since it is such a broad definition.
2. What sort of designation specifically did the Changi plot have in order to be approved for track construction?
3. Is it the URA website one would go to in order to search for any and all land with a specific designation, regardless if it's for lease or sale? The website is pretty big and I'm not sure of which terms or section to look for. Any tips or suggestions?
4. Is there a specific title for a person or company that specializes in locating land for a specific purpose that you define? What are they called? And do you have friends or acquaintances working in such an area? If so, please recommend..
Thanks in advance guys...
Racebred
Core Group Members
Re: Encouraging Changi Track News!
No, you got to speak to ura directly. If you're talking about motorsports, it's one-off and not generic like proposing to build a commercial building. One would need to speak to a minister and get top down approval. You would need to know people, or get connected.
No, you got to speak to ura directly. If you're talking about motorsports, it's one-off and not generic like proposing to build a commercial building. One would need to speak to a minister and get top down approval. You would need to know people, or get connected.
