SINGAPORE SPORTS HUB A high performance investment Development, financing and operation of multi-functional sports hub With a capital value of US$1.4bn, the project involved the construction of a 55,000-seat stadium, aquatic centre, multi-purpose indoor arena and supporting retail and commercial developments. Completed in 2014, the construction phase has now been followed by an operating period of 21 years, generating a combination of availability fees and event-related income. 55,000 seat capacity 41,000 square metres of commercial space c.4,000 people worked on the project The backdrop A particularly long and complex bidding process was exacerbated by the global financial crisis, which made traditional sources of finance largely unavailable. Even so, our consortium successfully arranged bank funding and secured the contract in the summer of 2010. One of the key factors that set the bid apart was our partnership with the Bouygues Group, one of the world’s leading construction companies. Together we have successfully developed and co-funded 12 projects involving capex of over US$3.5bn. The challenges As the largest PPP in Singapore's history, this was a high profile and incredibly complex project. A broad range of investors, partners, sub-contractors and other stakeholders had to be managed. Commercial operations such as event management, retail, and catering needed to be coordinated. And multiple revenue streams and service providers also required careful planning, involving performance-linked availability payments in addition to event-specific income derived from commercial rents, sponsorship, ticket sales, and event food and beverage sales. Creating real value Our ability to manage a broad range of parties, our skill in financial structuring and asset operation, and our close dialogue with the client ensured the venue was fit for purpose at opening. The project was successfully refinanced in 2015. At a glance Country Singapore Sector Sport facilities Project Capital Cost c.US$1.4bn Investment date 2010 Status Completed in 2014 Asset overview National sports stadium and associated complex in Singapore Back Footer social link LinkedIn Contact + Careers CONTACT US CAREERS London T+44 (0)20 7484 1800 Elondon@ircp.com New York T+1 212 297 2650 Enewyork@ircp.com Seoul T+82 (0)2 6000 3050 Eseoul@ircp.com Sydney T+61 (0)2 8598 0701 Esydney@ircp.com © InfraRed Capital Partners 2021 Terms & Conditions Privacy Policy Sitemap Careers HICL TRIG