The CCB Familee Sell Country Thieves take away your blood and coffin money, impoverish you just so that they can splurge it on foreigners for fun and to sayang their #1 ego! Frankly, what are Sporns being made to paid billions for this TRAITOR govt for?
<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published July 1, 2010
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Singbridge to invest 2b yuan in China 'knowledge city'
Guangdong base for S'pore firms to seek opportunities there
By CHEW XIANG
IN GUANGZHOU
TEMASEK Holdings subsidiary Singbridge International is expected to invest 2 billion yuan (S$411 million) in a 'knowledge city' on the outskirts of Guangzhou city in southern China.
<TABLE border=0 cellSpacing=0 cellPadding=5 align=left><TBODY><TR><TD bgColor=#ffffff>[FONT=Geneva, Helvetica, Verdana, Arial, sans-serif]<!-- REPLACE EVERYTHING IN CAPITALS WITH YOUR OWN VALUES --><TABLE class=quoteBox border=0 cellSpacing=0 cellPadding=0 width=144 align=left><TBODY><TR><TD vAlign=bottom>
</TD></TR><TR><TD bgColor=#fffff1><TABLE border=0 cellSpacing=0 cellPadding=0 width=124 align=center><TBODY><TR><TD vAlign=top>The knowledge city is expected to target high-tech industries and research and development.
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</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>The project is a 50-50 joint venture between Singbridge and the Guangzhou Development District. Senior Minister Goh Chok Tong and Guangdong party secretary Wang Yang officiated at a ground-breaking ceremony for the project yesterday.
'We can use the knowledge city as a platform for Singaporean companies to understand Guangdong and look for opportunities in the region,' Mr Goh said during a meeting with Mr Wang and senior provincial and city officials.
The knowledge city will be located 35km northeast of Guangzhou city centre and was first mooted as a joint development by Mr Wang in 2008. An initial agreement was signed with Keppel Group in March 2009 to conduct a feasibility study and the project got the go-ahead last July. Singbridge, whose chairman is former Keppel chairman Lim Chee Onn, took over the project last September.
An initial 6 sq km start-up area will be developed over the next three years, scaling up to 60 sq km when the site is fully developed. The start-up area is expected to be home to a population of 77,000 and provide employment for 35,000 people.
The knowledge city is expected to target high-tech industries, and research and development. Mr Goh said the project could act as a catalyst for the further economic development of the rest of Guangdong.
Mr Wang said the province faces twin pressures of rising labour costs and a shortage of workers, and urgently needs to upgrade its labour-intensive manufacturing core. The knowledge city project will be formally presented to Chinese Premier Wen Jiabao this week, and Mr Wang said he hopes it will be given preferential policy treatment by the central authorities.
Mr Goh said the project is commercially viable and private- sector-led but will be able to count on extensive support from the Singapore government. Organisations that will contribute to projects in the city are the National University of Singapore and Nanyang Technological University, Ascendas Group, IE Singapore, BCA International and RSP Architects.
Mr Goh is in China on a three-day working visit, and was accompanied yesterday by Acting Minister for Information, Communications and the Arts Lui Tuck Yew and Minister of State for Trade and Industry and Manpower Lee Yi Shyan. He will be in Shanghai today and tomorrow to visit the World Expo.
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<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published July 1, 2010
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Singbridge to invest 2b yuan in China 'knowledge city'
Guangdong base for S'pore firms to seek opportunities there
By CHEW XIANG
IN GUANGZHOU
TEMASEK Holdings subsidiary Singbridge International is expected to invest 2 billion yuan (S$411 million) in a 'knowledge city' on the outskirts of Guangzhou city in southern China.
<TABLE border=0 cellSpacing=0 cellPadding=5 align=left><TBODY><TR><TD bgColor=#ffffff>[FONT=Geneva, Helvetica, Verdana, Arial, sans-serif]<!-- REPLACE EVERYTHING IN CAPITALS WITH YOUR OWN VALUES --><TABLE class=quoteBox border=0 cellSpacing=0 cellPadding=0 width=144 align=left><TBODY><TR><TD vAlign=bottom>
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'We can use the knowledge city as a platform for Singaporean companies to understand Guangdong and look for opportunities in the region,' Mr Goh said during a meeting with Mr Wang and senior provincial and city officials.
The knowledge city will be located 35km northeast of Guangzhou city centre and was first mooted as a joint development by Mr Wang in 2008. An initial agreement was signed with Keppel Group in March 2009 to conduct a feasibility study and the project got the go-ahead last July. Singbridge, whose chairman is former Keppel chairman Lim Chee Onn, took over the project last September.
An initial 6 sq km start-up area will be developed over the next three years, scaling up to 60 sq km when the site is fully developed. The start-up area is expected to be home to a population of 77,000 and provide employment for 35,000 people.
The knowledge city is expected to target high-tech industries, and research and development. Mr Goh said the project could act as a catalyst for the further economic development of the rest of Guangdong.
Mr Wang said the province faces twin pressures of rising labour costs and a shortage of workers, and urgently needs to upgrade its labour-intensive manufacturing core. The knowledge city project will be formally presented to Chinese Premier Wen Jiabao this week, and Mr Wang said he hopes it will be given preferential policy treatment by the central authorities.
Mr Goh said the project is commercially viable and private- sector-led but will be able to count on extensive support from the Singapore government. Organisations that will contribute to projects in the city are the National University of Singapore and Nanyang Technological University, Ascendas Group, IE Singapore, BCA International and RSP Architects.
Mr Goh is in China on a three-day working visit, and was accompanied yesterday by Acting Minister for Information, Communications and the Arts Lui Tuck Yew and Minister of State for Trade and Industry and Manpower Lee Yi Shyan. He will be in Shanghai today and tomorrow to visit the World Expo.
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