Three years after its contract to build Singapore’s first permanent track was cancelled by the Government, SG Changi has finally drawn a line under an ignominious chapter that began with hope and ended in financial disaster. Its slate was wiped clean on Oct 21, when it finally paid S$6.9 million owed to piling contractors CS Construction & Geotechnic (CSCG), which is a wholly owned subsidiary of CSC Holdings. Work done to reinstate the 41ha of land near Changi Airport that had 1,000 piles driven into it has also been completed and was returned to SLA three weeks ago. What was left of the S$40 million SG Changi paid for the land on a 30-year lease and returned to the Japanese consortium remains confidential under the terms of their contractual agreement with the country’s sports authorities.... Continue Reading