Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry (a) whether he can provide an update on the Second Development Agreement between the Singapore Tourism Board and Marina Bay Sands (MBS); (b) whether MBS is on track to meet the construction commencement date of 8 April 2023 for its expansion project under the Agreement; and (c) whether there are any changes to the deadline by which the project is supposed to be completed.
Mr Gan Kim Yong: At the Second Reading of the Gambling Duties Bill on 10 January 2022, Mr Gan Thiam Poh and Mr Louis Chua asked about the expected completion of the two Integrated Resorts’ (IRs) expansion plans. I shared that both IRs had indicated that there would be potential completion delays due to disruptions to the construction industry brought on by the pandemic.
The Ministry of Trade and Industry (MTI) and the Singapore Tourism Board (STB) will ensure that MBS fulfils its development obligations, while also considering the impact of the pandemic on the expansion project. MTI and STB are working with MBS to review the development timeline and minimise potential delays.
Ministry of Trade and Industry
20 March 2023