SINGAPORE: According to Minister for Culture, Community, and Youth Edwin Tong, the Founders’ Memorial is expected to cost S$335 million (US$256 million) to develop and is expected to open at the end of 2028.
Mr. Tong stated that the estimated development cost is “based on current outlook and projections” in response to a written question from Member of Parliament Louis Chua (WP-Sengkang) regarding the anticipated total costs to develop the memorial and its annual operating costs once built.
The speaker continued, ” The estimated cost includes a 5-hectare outdoor public garden, viewing galleries, an outdoor amphitheatre, educational and family areas, and building construction and fit-out expenses.”
The annual operating cost is calculated with the creation of operational plans.”
The estimated cost of the proposed memorial erection is S$235.66 million, based on the Building and Construction Authority’s (BCA) listing of permits to begin structural works issued in March 2024.
According to Mr. Tong, the Founders’ Memorial in Bay East will honour the founding generation and leaders of Singapore through an integrated gallery and gardens experience.
It will also “serve as a space to capture the spirit of our nation and unify Singaporeans, by enabling Singaporeans of different generations to reflect on our past, and be inspired for the future”, he added.
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