Speaking in Parliament on Monday (Apr 1), the Minister for the Environment and Water Resources said the model has been useful in allowing ...
Mr Masagos added that the PPP model has been useful in allowing Singapore to tap on private sector innovations and cost efficiencies to deliver water services more effectively.
“We do not exercise these termination rights lightly but will not hesitate to do so when it becomes necessary to safeguard our water security,” the minister added.Mr Masagos noted that safeguards have been built into the Water Purchase Agreement with Tuaspring Pte Ltd , which owns the Tuaspring Integrated Water and Power Project .
Hyflux’s bid met PUB’s requirements for constructing and operating a desalination plant and was the most competitive bid among the submissions. PUB also took into account Hyflux’s expertise and track record. Thus, PUB awarded the tender to Hyflux in 2011. “PUB gave time to TPL to try to sort out its problems but PUB’s concerns have been growing over time,” he said. “To safeguard our water security, PUB issued TPL with a default notice on 5 March 2019 to require TPL to remedy the defaults within the default notice period.”If they failed to do so, PUB will terminate the Water Purchase Agreement and take over the desalination plant, he said.
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