Built Environment Business Group Update - Q4 2016

Leafing through Singapore’s construction news finds some interesting projects ahead of the Built Environment Business Group for the coming year and well into the future. Here is their 2016 Q4 Update.

By Marcus Eckersley, Chair, Built Environment Business Group
 
The New Year started with a challenge for all sectors and here we are approaching the end of that year whilst preparing for the next. Oil prices and China’s slowdown have both had corrective impacts on the global economy. Meantime, we have had Brexit to consider and how this will develop in the coming year. It has been an interesting year to say the least and one which seems to have passed at great pace.
 
Leafing through Singapore’s construction news finds some interesting projects ahead of us for the coming year and well into the future. The little Red Dot will see its fourth and newest airport terminal completed next year and once open will be immediately used by six airlines. Whilst this happens planning for the fifth terminal is underway. By the time the fifth and largest terminal is completed by the late 2020’s Changi airport will be able to handle 135 million passengers year up 66 million from now. And still the projection is that this available capacity will have a potential shortfall by 2032.
 
Meantime on the ground Singapore’s stressed water resources are to see construction of the fourth desalination plant being rolled out. The plant is expected to supply a further 137,000 cubic meters of desalinated water a day into the NEWater supply system. It is expected that desalination plants will support 85% of Singapore’s water needs by 2060.
 
Within the Chamber, the Property and Construction Group has been considering what may be classed as a rebrand to its title to a more encompassing title with a view to growing its members. The new title for the group, Built Environment, is more aligned with our discussions and goals.  After all the built environment affects us all, so watch this space!
 
In other news our group also had a number of companies nominated at the Chamber’s Annual Business Awards along with a winner. Finally, we will be rolling out some fresh breakfast presentations in the coming months, so please feel free to come along and join in.
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