Expected Total and Annual Operating Costs for Development of Founders' Memorial

45 Mr Chua Kheng Wee Louis asked the Minister for Culture, Community and Youth what are the (i) expected total costs to develop the Founders’ Memorial and (ii) annual operating costs thereafter.

Mr Edwin Tong Chun Fai: The Founders' Memorial will be an integrated gallery and gardens experience at Bay East, commemorating the values and ideals exemplified by Singapore's founding leaders and generation. When it opens in end-2028, the Memorial will serve as a space to capture the spirit of our nation and unify Singaporeans by enabling different generations of Singaporeans to reflect on our past and be inspired for the future. The development cost of the Memorial is estimated at $335 million, based on current outlook and projections. The estimated cost encompasses building construction and fit-out costs for the exhibition galleries, viewing gallery and outdoor amphitheatre, education and family spaces and amenities and a 5-hectare outdoor public garden.

The annual operating cost is being worked out in tandem with the development of operational plans.