Three Bid for Changi Motorsports Hub

The development of the Changi Motorsports Hub is on the move, with three groups bidding to operate and maintain Singapore's new motorsport facility.
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.
The other two parties, Sports Services, which is linked to Haw Par Corporation, and SG Changi, a consortium of different partners, are to make their presentations in the coming days.
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 3.5 kilometres 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 to host 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 motorcyclingâs MotoGP.
The Changi Motorsports Hub is expected to contribute significantly to the Singapore Governmentâs aim of developing a $2 billion-a-year sports industry by 2015 and having 20,000 people in sports-related jobs.
The original Expression of Interest for the Changi Motorsports Hub can be viewed at

https://www.ausleisure.com.au/default.asp?PageID=149&n=Opportunities