Singapore gohmen runs short on cash, obtains Sports Hub through hire-purchase???!!! http://news.asiaone.com/news/sports/sports-hub-vows-fix-stadiums-sandy-pitch "While the Government did not pay anything upfront, it will bear the construction and operational costs of the Sports Hub, which includes the Singapore Indoor Stadium, the OCBC Arena and the OCBC Aquatic Centre. The Government is making annual payments over 25 years to SportsHub Pte Ltd, which manages and runs the Kallang facilities. The first payment was made in August 2010, when construction started." Sounds like a very complicated contract/agreement to me. I really cannot understand why the Singapore gahmen would not pay up immediately like in the case of the public buses enhancement scheme where S$1.1billion is budgeted and promptly paid e.g. as and when the 550new buses are delivered. Does this complex arrangement also allow the Singapore Sports Hub consortium (Pte, Ltd) to postpone/cancel the national day parade or provide a 'sandy-pitch' if the Singapore gahmen is either late or short in its annual payments???!!! In case of a contractual dispute with the international consortia: will the Singapore gohmen be dragged to settle the case at the international court of justice @ Hague like Pedra Blanca was settled: & become a laughing stock to the world/ print excessive $$$ to pay its debts like the now bankrupt country of Zimbabwe under Mugabe???!!! Will upcoming Project Jewel@Changi airport (projected to costs S$1.47billion) also be obtained on hire-purchase???!!! Given the obvious future public-funding liabilities (25 yrs for sports hub installments): was the president at least invited to rubber stamp his consent given the fact that national reserves might well have to be used should gohmen revenue be in short fall (budget deficit etc) for the 25 installments over 25 (or more) years???!!!...
