More private participation wanted in building up future city

Singapore

PUBLIC-PRIVATE partnerships featured strongly in the Committee on the Future Economy's list of recommendations for the built sector on Thursday.

Among these were plans to work with private companies to rejuvenate Orchard Road, to place-make and develop future precincts, as well as to create an urban logistics system.

For the rejuvenation of Orchard Road, Minister for National Development Lawrence Wong told The Business Times in an exclusive interview that the revitalisation plans will have to be privately financed, but the government will continue to incentivise mall owners by adding gross floor area allowances to their developments.

As for the building of federated shared lockers island-wide as part of the urban logistics system, the government has not yet decided who will buil…