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Source:
www.stb.com.sg |
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The Singapore Flyer - One Of Asia's
Most Exciting Visitor Attractions |
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The financing of the Singapore Flyer project
has been fully secured and construction of the giant observation wheel
will begin in a few weeks. |
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Mr Peter Purcell, Singapore Flyer Pte Ltd¡¯s
Managing Director said that German banks Delbrueck Bethmann Maffei (DBM)
/ ABN AMRO and Bayerische Hypo- und Vereinsbank AG (HVB Asia), will be
funding the $240 million Singapore Flyer project. DBM, the equity
provider, and HVB, the long-term debt arrangers, are two world-class
leaders in the raising of both equity and debt for projects of this
scale. |
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¡°I am delighted that the Singapore Flyer
project can now proceed as planned. When completed, the Singapore Flyer
will potentially be one of Asia¡¯s most exciting and highly visible
visitor attractions. Not only have the German bankers recognised this
potential, but they have also given a resounding vote of confidence to
Singapore¡¯s tourism investment potential,¡± Mr Purcell said. |
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The Singapore Flyer ¨C a giant observation
wheel ¨C promises to become Singapore¡¯s very own iconic visitor
attraction and is set to transform the visual landscape of the Marina
Bay when it is completed in the first quarter of 2008. |
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The Marina Bay area is the future downtown
of Singapore and the planned waterfront city in a garden. In the
pipeline are plans for a business and financial centre, an Integrated
Resort and recreational and entertainment opportunities along the
promenade, waterfront gardens and the Marina Barrage. |
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The Singapore Flyer will occupy a prime spot
in this ¡°necklace of attractions¡± and will provide a breathtaking,
unobstructed radial view of 45 km spanning three countries - Singapore,
Malaysia and Indonesia. |
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It is expected to attract 2.5 million
visitors in the first year with more than half of them from overseas.
This will be an important addition to the Singapore Tourism Board¡¯s
Tourism 2015 targets of tripling of tourism receipts to S$30 billion,
doubling visitor arrivals to 17 million, and creating an additional
100,000 jobs in the services sector by 2015. |
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Mr Lim Neo Chian, Chief Executive, Singapore
Tourism Board, said: ¡°The Singapore Flyer will, together with the two
planned integrated resorts, catalyse further investments in Singapore¡¯s
tourism sector. We need to spur investments and position Singapore to
welcome the projected increase in outbound travellers coming from
high-growth markets such as China, India and other regional countries.
The Singapore Flyer project gives us a good start and will add much
vibrancy to the Marina Bay.¡± |
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When completed, the Singapore Flyer will
offer an array of public facilities including a central atrium with a
recreated Asian rainforest, an outdoor amphitheatre, an alfresco dining
promenade running along the seafront, and high accessibility by train,
bus, car and even boat. |
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Joint News Release by
Singapore Flyer Pte Ltd and the Singapore Tourism Board |
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Financing Details |
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Source:
www.stb.com.sg News Release 26 Aug
2005 |
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Related Article: |
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28 Jun 2003 S$200-million Singapore Flyer to boost tourism in
2005 |
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The Singapore Flyer to be completed in 2008
