Originally posted by pat33:
Can u quote us the source?
http://www.todayonline.com/articles/87632.aspUpgraded lifts, pedestrian malls, security systems, fitness corners in the offing
THE Town Councils of East Coast and Tampines have announced their renewal packages, which are worth $500 million and $300 million, respectively.
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Yesterday, Sembawang Town Council announced its plans for a $570 million mega makeover.
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Over the next five years, housing estates in the Sembawang, Admiralty, Canberra, Chong Pang, Marsiling, Nee Soon Central, Nee Soon East and Woodlands estates will receive more linkways, upgraded lifts, pedestrian malls, parks, security systems and fitness corners.
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A huge chunk of the funds — to the tune of $336 million — will be channelled into lift upgrading projects and $4 million will be spent on the construction of three new parks.
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Yishun will get a new hospital and improved library, Sembawang a new bus interchange, Woodlands a polytechnic, and Chong Pang new pedestrian malls.
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Unveiling these plans at an appreciation dinner yesterday, Sembawang Town Council chairman Hawazi Daipi said: "It is a plan that will benefit all ages. While much effort has been put in to looking after the needs of our elderly residents and disabled in this Town Renewal Plan, we also made sure children as well as adult residents are well taken care of. We also pay attention to integrate our facilities in a way that will help enhance family and community bonding."
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During the dinner, grassroots leaders and residents of Sembawang Town Council paid a special tribute to Dr Tony Tan, MP for Sembawang GRC and Adviser to Sembawang Town Council, by means of a slide presentation and token of appreciation for his years of contribution to the town council.
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Formerly the Deputy Prime Minister before he retired from the Cabinet in September, Dr Tan, 65, had been an MP in Sembawang since he entered politics in 1979. Dr Tan has recently taken up positions in the Government of Singapore Investment Corporation and Singapore Press Holdings.
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In the last five years, 21,000 households in the older estates benefited from a total of 25 Upgrading Programmes costing $340 million. In addition, 600 improvement projects were implemented throughout the area.
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According to Mr Hawazi, Sembawang Town Council is in "very sound financial health" with a surplus of $8.6 million and $233 million in its reserves. Its decision to invest its funds has paid off.
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"Our funds with our fund managers have given us a total return of $25 million in the last two years, or a yield of 16 per cent per annum," said Mr Hawazi