Govt tenders in FY 2008 projected to exceed $8b

The government will be calling S$8 billion worth of tenders in its financial year 2008.

Of these, about S$5.8 billion will involve building and construction projects which are proceeding as planned. These include projects to improve traffic on the Central Expressway as well as the Gardens by the Bay projects which will keep the Marina Bay area development on schedule.

Other projects valued at S$3 billion have been deferred so as not to add to the tight construction capacity situation.

Another S$1.2 billion will go towards the purchase of goods and services, such as the supply of equipment, appliances and the operation of the automated toll system at the checkpoints.

Tenders in ICT projects are also expected to be worth at least an additional S$1 billion. The Infocomm Development Authority of Singapore (IDA) will announce further details on the upcoming ICT projects next month. – CNA/ir

Source : Channel NewsAsia – 14 Apr 2008

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