Beyond technical expertise, good financial and legal support is crucial in ensuring the success of infrastructure projects. Singapore’s infrastructure players have the benefit of a wide array of professional support, including advisory services in the legal, financial, technical and transactional fields.
We have a strong network of professional services ecosystem, coupled with a cosmopolitan talent pool and a trusted legal framework. Singapore is also a preferred venue for dispute resolution – we are among the 5 most preferred arbitration seats in the world1.
As Singapore is a signatory to the New York Convention, our arbitration awards are internationally enforceable. Besides arbitration, we also offer litigation (Singapore International Commercial Court) and mediation (Singapore International Mediation Centre) services.
Singapore’s advisory firms have an expansive network of experts to assess the feasibility of complex projects. They are able to take into account the various stakeholders’ concerns – investors’ need for returns on capital, governments’ social objectives, developers’ commercial considerations – and provide objective evaluations of projects. This process ensures projects are more bankable, and increases the chances of success.
With a project cost of S$1.33 billion, the Singapore Sports Hub is one of the largest sports public-private (PPP) projects in the world. It saw the construction of a national sports stadium (capacity of 55,000), swimming complex (capacity of 6,000), indoor stadium, water sports centre and shopping mall. The project company operates and maintains the venue on a 25-year concession, and revenue includes both a fixed availability payment and a share of the commercial revenues.
PwC acted as the lead financial advisor to the government, and led other legal, technical and operational consultants in the advisory consortium. This deal won numerous awards in 2010, including Deal of the Year by Euromoney and Asia Pacific PPP Deal of the Year by PFI.
1: Ministry of Finance (MOF) Singapore, 2016