Singapore
Prepares Request for Proposals
As reported by the Sydney
Morning Herald: "Singapore is preparing
a formal request for proposals from a dozen
hotel and development groups that are seeking
concessions to operate casino-resorts in the
city-state.
"The tourist board would issue
the request as early as the end of this month,
it said in an email. The request may set out
guidelines on how much space should be provided
for gaming, convention centres, hotel rooms,
museums and other features of the two projects,
on Sentosa Island and at Marina Bay.
"…Each set of proposals is estimated
to cost millions of dollars and take months
to develop. The process is expected to flush
out the pretenders among the high-rollers bidding
for the projects.
"The projects' final costs will run into
billions. Due to the lateness of the request
for bids, the winners for the developments are
not expected to be announced until early next
year.
"…The Singaporean Government received
19 proposals when it first sought expressions
of interest from developers and casino operators,
and 14 were placed on a shortlist. Two bidders
subsequently dropped out…"
|
