Channel NewsAsia
Updated: 02/05/2013 01:22 | By Channel NewsAsia

Processes in place for cost—efficient projects: Josephine Teo

Processes in place for cost—efficient projects: Josephine Teo


Processes in place for cost—efficient projects: Josephine Teo

SINGAPORE: Minister of State for Finance Josephine Teo said the government has put in place processes to optimise cost efficiency for large infrastructure projects.

Projects above S$500 million in value are subject to a series of reviews spanning concept, design and cost by a Development Projects Advisory Panel comprising senior public officers and industry experts.

Large projects are also put through value—management workshops to refine their design so as to maximise value and cost efficiency.

Nominated Member of Parliament Laurence Lien had asked in Parliament what measures are in place to ensure large public sector infrastructure projects are truly value for money.

"Government agencies that undertake large infrastructure projects on a regular basis, such as the Land Transport Authority and JTC Corporation, have dedicated units and staff overseeing the management of infrastructure projects. Over the years, they have built up substantial in—house capabilities in procurement and project management."

— CNA/xq

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