Singapore, February 1, 2008 – Construction work for the University Town, where the Youth Olympic Village will be located, has commenced, following the groundbreaking ceremony officiated by Prime Minister Lee Hsien Loong at the National University of Singapore (NUS) on Thursday, January 31, 2008.
The US$423-million (SGD $500-600 million) project will be completed in February 2010, half ayear before the start of the inaugural Youth Olympic Games (YOG).
PM Lee said: “We are delighted that the International Olympic Committee (IOC) has selected Singapore as one of two candidates in the final shortlist. We plan to use the University Town as the Youth Olympic Vilaage, and will make sure that it is completed in time for the Games.”
“We are a young nation and a small city state, but we have built a trusted brand name internationally as a reliable partner, able to get things done, and deliver on what we promise,” said Prime Minister Lee.
The Youth Olympic Village project is on the government’s “Green Lane” which is a fast track to ensure that it clears all regulatory and statutory processes quicker than normal without compromising on design standards or occupational health and safety.
Some facts about the Youth Olympic Village:
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