SINGAPORE Agro Agricultural, a consortium led by Turf City Management, was the first of three groups bidding to design, build and manage the Changi Motorsports Hub to present their proposals to the media on Monday.

Among its unique selling points is securing rights to stage MotoGP, motorcycling's equivalent to Formula One, at the Hub.

The other two parties, Sports Services, which is linked to Haw Par Corporation, and SG Changi, a consortium of different partners, will be making their presentations later on Monday.

A panel of government agencies and consultants will select and announce the successful bidder around the first quarter of next year.

The hub, which is expected to be ready by the end of 2011, will boast a permanent track at least 3.5km long.

The privately-funded facility will be located next to the Singapore Airshow grounds. It will include a sheltered grandstand for at least 8,000 spectators,a driver training school and food and beverage facilities.

The cost of developing the Grade Two facility is expected to run into several hundred million dollars. It will have a tenure of 30 years, and will be able tohost any motorsports race, bar Formula One.

The successful bidder must stage at least three international races every year,which may include the A1 Grand Prix and motorcycling's MotoGP.

Previously, the total motorsports and commercial GFA was set at 13,000 sq m,but SSC later upped the area to 67,000 sq m to make the project morecommercially viable.

The Changi Motorsports Hub is expected to contribute significantly to the government's aim of developing a $2 billion-a-year sports industry by 2015 and having 20,000 people in sports-related jobs.