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Sports Hub case need not spell the end of PPPs
What lessons can Singapore draw from the experience, and how have such public-private partnerships fared elsewhere?
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The Sports Hub's problems were not just a problem of management, says the writer.
ST PHOTO: LIM YAOHUI
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SINGAPORE - When the tender process for the Sports Hub kicked off in 2005, the project stood out for being the largest sports stadium infrastructure deal in Asia to be financed via a public-private partnership (PPP) after the financial crisis.
But as the partnership draws its last breath - the Government announced last Friday that it will take control of the Singapore Sports Hub in December, after terminating its collaboration with a private consortium 12 years ahead of time - some ask: Could Singapore have done it differently, and should PPPs still be used to fund its infrastructure such as stadiums?
