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Business Advice

Singapore River gets a boost from private initiative

Local private initiative lauded, aimed at sprucing up the walkways along the Singapore river.
November 30, 2012
By: Daryl Chin
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Singapore River gets a boost from private initiative National Development Minister Khaw Boon Wan on Friday lauded a local private initiative aimed at sprucing up the walkways along the Singapore river. -- ST PHOTO: KEVIN LIM

National Development Minister Khaw Boon Wan on Friday lauded a local private initiative aimed at sprucing up the walkways along the Singapore river.

The collaboration - named Singapore River One - is made up of 22 stakeholders and business operators in Boat Quay, Clarke Quay and Roberston Quay.

Their aim is to maximise the business potential of the river which links the quays, and the first step is to enhance the pedestrian experience by adding more recreational areas, photo vantage points and street furniture.

Their previous efforts include reducing touting among the restaurants in Boat Quay.

To support them, the Urban Redevelopment Authority will match the membership fees and cash sponsorships SRO raises over the next three years.

Likening it to similar concepts overseas, Mr Khaw said on his blog: "Where there is a majority support, stakeholders contribute to pay for initiatives to improve the place. Businesses in these districts have seen higher revenue as a result, while property owners enjoy greater capital value."

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