International Business & Economy Are Mega Projects iconic or just another white elephant?

Are Mega Projects iconic or just another white elephant?

CNA running a two-part series on why Singapore has embarked on these Mega Projects

Author

Date

Category

- Advertisement -

Our MRT was the brainchild of Ong Teng Cheong and Changi Airport was the idea of Goh Keng Swee. PM Lee Hsien Loong in search of a legacy is embarking on mega projects of his own and it includes Changi Airport Terminal 5 and Tuas Mega Port.

These mega projects do come with a mega price tag. The International Air Transport Association (IATA) is “strongly against any pre-financing of any infrastructure”, IATA chief executive Alexandre de Juniac told a media roundtable as part of the Singapore Airshow on Monday (Feb 5). “We shouldn’t pay first without having the infrastructure ready to be operated and used by airlines and by the users.”

Some experts argue that these mega projects are here to boost the construction sector and to artificially prop the economy. It’s a formula that seems to be working. Last year, the government spent additional $2B in construction projects, after the sector went into decline for two consecutive years.

Other projects include the Jurong Lake District; as well as the building of the Integrated Waste Management Facility (IWMF) and phase two of the Deep Tunnel Sewerage System (DTSS). These are functional projects and not just for vanity.

- Advertisement -

What are the challenges faced and the innovations underway? What can we expect when these projects are completed? All these and more will be featured in this exciting two-part series.

Catch it on Channel News Asia tonight and part II on the 14th February: 8.00pm

Send in your scoop to news@theindependent.sg 

- Advertisement -

Mixed reactions to Shanmugam’s promise to install ‘many more’ police cameras across Singapore

Singapore—Home Affairs and Law Minister K Shanmugam said in Parliament on Monday (March 1) that many more cameras will be installed in Singapore in addition to the 90,000 already located in public places such as car parks, neighbourhood centres and Housing...

‘Can we get a breakdown on those numbers?’ asks PSP’s Kumaran Pillai

Singapore — Progress Singapore Party's (PSP) Kumaran Pillai took to Facebook on Monday (Mar 1) to clarify his party's position. He made it clear the PSP did not want to close the Singapore economy but wanted a breakdown of the number...

Father tells daughter $650 monthly allowance is not enough and threatens to sue

  Bullied by her father who wants more money, a woman is asking how much children should give their parents once they start working. The post has gone viral. It was submitted to the anonymous confessions platform, the NUSwhispers Facebook page. NUSwhispers cannot...

Send in your scoop to news@theindependent.sg 

Theindependent