It is only right and fair that when the Government decides to terminate the Private Public Partnership (PPP) with SportsHub Pte Ltd, they should pay for the capital expenditure incurred by the PPP in the construction of Sports Hub. Anything less would be daylight robbery.
If there is no termination of the PPP
If the PPP were to run until it ends in 2035, under the terms of agreement, the government would pay SPHL (SportsHub Pte Ltd) a sum of $193.7 million a year for the full operating expenditure, including daily operations, maintenance, security, and lifecycle costs for the entire project term.
This works out to approximately $2.32 billion from now through to 2035.
If the PPP is terminated
The Government did not spend a single cent to build SportsHub. They can’t possibly take back a billion-dollar project and just wave ‘goodbye’ to their private partners, can they? That would be daylight robbery and what would it say of their reputation?
Leaders, whether elected or nominated, must speak with their conscience and not lie to voters without compunction. And voters have a responsibility to see that leaders uphold the sacred office of Parliament and not allow Parliamentary debates to turn into a comedy or entertainment show.