'The Changi Jewel soon need to be pawned but what jewels the structure having , lol'
This quote by Aziz Kassim posted in his article about the insanity of buying electricity from Malaysia and laying pipelines all the way to Australia are signs of a bridge too far. The euphoria of good time never ends and keep on building and keep on increasing the population is beginning to sound more insane. And if the lunatics are not listening, Covid19 makes it a point that they cannot ignore the debt traps of mindless expansion for the sake of economic growth at all cost without thinking of the downside.
Changi Jewel is not the only crown jewel to be pawned. Think about the useless grandiose and meaningless structures in the Garden by the Bay that cost hundreds of millions to build and many millions to maintain. In a lockdown or semi lockdown situation like this pandemic, they stood up like sore thumbs and looked unbelieveable to waste so much money on them.
Then look at the optimistic plan for Changi with Terminals 4 and 5, both going to look like two big white elephants. Ok, ok, it is unfair to criticise such ambitious plan as no one would expect Covid19 to come along and turn the movie into slow motion and many frames frozen in time, with economic activities and flying and tourism like history lessons.
What looks no longer funny is the selling of strategic assets like power stations to foreigners and now wanting to import electricity from Malaysia and Australia. Are they going to be cheaper than what we had before?
Or is the unplanned population growth towards an increasing population that could go bigger and bigger, with no effort to restrain or to put a cap on it a natural progression that is unavoidable? Where would all these lead to? And how would things look like if there is another major crisis like Covid19 or something more serious? There is planning to grow but are there contingency plans when growing becomes shrinking?
If the world economy is not going to recover soon, or going to be in a limbo for a long time, I think we would only need one terminal at Changi and the rest can be mothballed. And SIA, what would happen to all the brand new aircraft? Lelong also no body wants.
Oops, maybe the magic cure in times like this to grow the economy is to bring in more bodies to increase consumption, ya? Bring in more bodies to create demand for more flats and more shopping centres and foodcourts and hawker centres...and more income from levies?