National Infrastructure Connectivity Singapore Public Disclosure - - PowerPoint PPT Presentation

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National Infrastructure Connectivity Singapore Public Disclosure - - PowerPoint PPT Presentation

Public Disclosure Authorized National Infrastructure Connectivity Singapore Public Disclosure Authorized Law Chung Ming Transport and Logistics Group IE Singapore Public Disclosure Authorized This material contains confidential and/or


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This material contains confidential and/or official information. The terms and conditions governing its use can be found at www.iesingapore.gov.sg/Terms-of-Use.

National Infrastructure Connectivity Singapore

Law Chung Ming

Transport and Logistics Group IE Singapore

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized

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“We started off with no hinterland and a weak economy. We depended on our entrepot trade, but our neighbours were building their own ports and sought to bypass us. Our workers were unskilled and anxious about their future but we are determined to make the world our hinterland.. And with that workforce, we made PSA and Changi, the best in the world.”

Lee Hsien Loong, Prime Minister of Singapore

Last 50 years : Singapore’s airport and seaport have grown to be amongst the world’s leading transport hubs and are important enablers for regional trade

Singapore has done well for the past 50 years…

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Transformation of our airport and seaport

Kallang Airport

1937–1955

Changi Airport

1981–Present

A Singapore dock in the 1990s Port of Singapore today Paya Lebar Airport

1955–1980

Seletar Airport

1928–Present and

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About 6% of GDP

Our transport hubs play a significant role in the economic development of Singapore

Direct value-add from Changi Airport Indirect value-add Induced value-add Catalytic impact of value-add through tourism, productivity, trade and investment

Contributes to

7%

  • f Singapore's

GDP

30.9mil

TEUs of containers handled Employs more than

170,000

people More than

5,000 maritime

establishments

Airport Seaport

Employs about

55,000

people

55.4mil

passenger in 2015

Singapore Ranked 1ST in McKinsey Global Institute Connectedness Index

MGI Connectedness Index, published in 2016

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Airport Seaport

Getting ahead of the game: Major development plans to take Singapore’s aviation and maritime capabilities to greater heights

Terminal 1 Terminal 2 Terminal 4 Terminal 5 Terminal 3

Existing Infrastructure Future Infrastructure

The new infrastructure will more than double our capacity

Current Port Facilities Future Port Facilities City Terminals Pasir Panjang Terminal Tuas Terminal CONSOLIDATION & EXPANSION

To be operational from 2021

Port expansion projects including construction of the Tuas facility will cost a few billion dollars

3-runway system will be

  • perational from early 2020s
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Key lessons from Singapore’s experience in infrastructure connectivity over the last 50 years

Progressive policies Concerted efforts between private and public sectors in enabling pro-enterprise policies formulation Pro-business partnerships Form strategic, mutually beneficial partnerships e.g. with key trading partners through FTAs to facilitate trade, lowering trade barriers Capacity Building Physical - Developing capacity for our airport and seaport in anticipation of future trends and growth to facilitate trade and investments Talent – Investing in education, developing specialised and sectoral skilled talents

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Next 50 years: What lies ahead for Singapore?

“As SG50 ends, the next chapter of the Singapore Story begins. We live in a very different world from our pioneers fifty years ago. Yes, we have many more

  • pportunities in the globalised world, but we also face fiercer competition.

Yes, we have more resources, but we also have higher aspirations. Our economy is slowing down and undergoing transition. We cannot expect an easy journey ahead.” Lee Hsien Loong, Prime Minister of Singapore

What do we need to do for SG100. . .

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8

Emergence and Development of New Economic Trade Corridors

Trans Pacific Partnership (TPP) One Belt One Road (OBOR) ASEAN Economic Community (AEC)

China’s “One Belt, One Road” (OBOR) aims to connect major Eurasian economies through infrastructure, trade and investment. AEC is a major milestone in the regional economic integration agenda in ASEAN, offering opportunities in the form of a huge market of US$2.6 trillion and over 622 million people. AEC is collectively the third largest economy in Asia and the seventh largest in the world. The TPP is a trade agreement between 12 countries, including the US, Mexico and Australia, which aims to promote jobs and growth, enhance productivity and competitiveness, and boost economic growth in the United States and across the Asia-Pacific region.

Singapore evolving to stay ahead with the changing geometry of global trade flows

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Given the backdrop, what should Singapore do…

  • Expanding beyond capacity building
  • Building the eco-system and supporting industries
  • e.g. aerotropolis
  • Looking beyond physical connectivity
  • Information & IT
  • Finance & Capital
  • Forging Stronger Partnerships
  • Government-to-Government, Government-to-

Business and Business-to-Business

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Hotels/ Convention Centres (MICE) Industrial/ Business Parks Retail/ Outlet Malls Residential developments Logistics Parks & FTZs Specialised Infrastructure (Coolport)

airport

Integrated Entertainment Centre MRO

Evolving from airport to aerotropolis

Cargo flows

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Stronger Partnerships to capture opportunities in connectivity

Government to Government

Working with the region and ASEAN as a platform to enhance connectivity and trade

Government to Business

Encouraging Public-Private Partnerships

Business to Business

Facilitating strategic partnerships between companies to build flows

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To recap

Last 50 years …

Singapore’s airport and seaport have grown to be amongst world’s leading transport hubs and are important enablers for global trade We have built capacity, developed progressive policies and formed pro-business partnerships

Next 50 years …

Singapore "cannot just bulldoze and build" as it embarks on its next 50 years. Singapore has built a brand on its success and trust and we should build on this for Singapore to continue being successful. Singapore will continue to look beyond capacity building, beyond physical connectivity and form strategic partnerships to remain relevant and globally connected

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Thank You

www.iesingapore.com

This material contains confidential and/or official information. The terms and conditions governing its use can be found at www.iesingapore.gov.sg/Terms-of-Use.