Market Chatter: Singapore Saves SG$300 Million by Avoiding Underground Infra Project Conflicts
Singapore has saved around SG$300 million in construction costs since 2024 by avoiding conflicts in underground utility projects, the Straits Times reported Monday.An enhanced workflow has been implemented to identify and resolve conflicts between underground utility projects early, the city-state's national development minister, Chee Hong Tat, reportedly said during an international forum for city leaders.Chee said delays and cost overruns happen when potential clashes are not identified before work begins, as underground infrastructure is managed by different agencies, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)