Khaw floats possibility of Singapore River Precinct concept in other areas of Singapore
National Development Minister Khaw Boon Wan has floated the possibility of trying out a concept by the private sector to manage the business environment of the Singapore River in other areas of Singapore.
He said he's encouraged by the enthusiasm and the voluntarism of the members of Singapore River One (SRO) to improve their own business environment.
"I will be closely watching their progress, with a view to see how similar place-management initiatives can be replicated elsewhere. Perhaps Marina Bay to be next? Or Kampong Glam?" Mr Khaw wrote in his blog on Friday.
SRO was formed by the major business operators in Boat Quay, Clarke Quay and Robertson Quay.
These three precincts are linked by the Singapore River.
Mr Khaw noted that SRO sees the business potential behind these precincts and got together to maximise the potential.
It aims to position the area as a premier waterfront destination, by riding on its rich history, beautiful water body and diverse attractions.
It's working on a key project to enhance the experience of pedestrians along the river.
There'll be more play areas, photo vantage points, arts installations and street furniture along the river promenade.
SRO has 22 stakeholders.
Mr Khaw said even though that's only a small fraction of the 700 businesses along the Singapore River, these stakeholders have "boldly stepped forward to get things going".
To support them in the first few years, the Urban Redevelopment Authority is providing a matching grant over three years for the membership fees and cash sponsorships that they can raise.
"We would like to see the SRO succeed. If the Singapore River Precinct succeeds, it is good for Singapore," said Mr Khaw.
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