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In-principle approval for F1 Singapore grand prix circuit
Monday, October 01, 2007
The Formula One (F1) Singapore Grand Prix street circuit has received in-principle approval by the Federation Internationale de l’Automobile (FIA), via the Singapore Motor Sports Council. The in-principle approval will now allow construction works to begin. In the coming months, the FIA will conduct a series of inspections on the ongoing progress. The full circuit licence will be granted during the final inspection, which will be in the week of the race itself.

The 5.067km long street circuit, consisting of 14 left hand turns and 10 right hand turns offers a number of overtaking opportunities, challenging corners and gruelling sections that will test the true capabilities of the F1 drivers. Slated to debut on 28 September 2008, the F1 Singapore Grand Prix is the first Formula One street race in Asia and is one of three races in the 2008 F1 calendar to run anticlockwise.

Deputy Chairman of Singapore GP, Mr Colin Syn, commented, “After months of poring over the drawing board, we are now one step closer to our dream. However, there is no time to celebrate – it is now full speed ahead for us to get this race on the road.”

The only outstanding decision is whether the race will be held at night. Regardless, the circuit has already been billed by many as one of the most dramatic and atmospheric races on the calendar.

Singapore marked the one-year to the first Formula 1 Singapore Grand Prix milestone with a celebratory event at the Esplanade, where Minister of State for Trade and Industry S Iswaran launched the countdown clock on Singapore GP’s website, singaporegp.sg. The Official Formula 1 Singapore website will include regular updates and insider tips on the preparations for the race. The site will also be the main avenue for buying tickets when sales go live towards the end of 2007.

Set against the backdrop of downtown Singapore, spectators will get a close-up view of the garden city as the circuit winds past historic landmarks such as City Hall and modern buildings along the Marina Bay, such as the Esplanade.

Mr Lim Neo Chian, Deputy Chairman and Chief Executive at the Singapore Tourism Board, who chairs the F1 Working Committee, noted the project’s steady progress. “We are glad that the FIA has given the in-principle approval for the Singapore city circuit. The countdown to our inaugural race has begun. One year from now, F1 enthusiasts can look forward to experiencing the excitement of a unique street circuit in the heart of Singapore, which will take world-class drivers and their race machines past Singapore’s skyline, iconic city landmarks and tree-lined boulevards at thrilling speeds.”

In the course of the 61-lap street race, all eyes will be on the fast straights and series of technically challenging turns that will push drivers to their limits. The 500m Pit Straight where the race will start and finish will provide exhilarating racing and see cars approaching 300km per hour at top speed with excellent overtaking opportunities into the left hander at Turn 1.

The cars are likely to reach a maximum speed in excess of 300km per hour along Raffles Boulevard, where there is another prime overtaking opportunity, before braking hard through Turns 7 and 8 before heading towards the historic and cultural landmarks along St Andrew’s Road and Fullerton Road.

Turn 14 will undoubtedly see some of the most exciting action as the cars zip across the 97-year old Anderson Bridge and braking to an expected minimum corner speed of 80km per hour.

To meet the demands of a street race, the Land Transport Authority will manage the modifications that will be made to some existing infrastructure such as road kerbs and traffic islands. The new 1.2km road that forms the start / finish straight will also be constructed alongside the pit building. Work on the pit building has already begun, and is scheduled to be completed by end May 2008.
Michael Verikios - Monday, October 01, 2007
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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