Aug 4 2013, 10:08 PM
QUOTE(tigana @ Aug 4 2013, 09:06 PM)
I think you guys should not put too much hope in this project.
With the Fitch negative rating, the government is under immense pressure to cut spending or increase revenue. At best, it will probably be delayed.
This project cannot depend 100% on private funding. Because the ROI is not guaranteed.
Maybe it will be private sector loan guaranteed by government, but I think rating agencies not stupid.
Maybe, EPF will loan the project - then you better hope it is a good project - because its your retirement fund.
tigana gor,With the Fitch negative rating, the government is under immense pressure to cut spending or increase revenue. At best, it will probably be delayed.
This project cannot depend 100% on private funding. Because the ROI is not guaranteed.
Maybe it will be private sector loan guaranteed by government, but I think rating agencies not stupid.
Maybe, EPF will loan the project - then you better hope it is a good project - because its your retirement fund.
Do you think Singapore government confident with the current government and our polis administrative? So many murder case reported in the newspaper and singapore newspaper came out saying Sing Dollar 2,000 can hire a gun man. With So many malaysian at oversea working with PR example Australia (Surplus of Accountants and majority malaysian).
Most likely it will delayed or postponed another 10 years.
Beside that, Remember there is quite number of government servant to maintain and project to deliver. Their income would be from us.
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