The Singapore Flyer - World Largest Observation Wheel

Well I'm sure that on all the amusement park in this world the Observation Wheel is one of the most visited rides. you can see the beautiful scenery around the amusement park with this Observation Wheel. But do you know where is the World Largest Observation Wheel??

The "Singapore Flyer", the country's newest observation wheel, opened on Tuesday and is set to rival the London Eye.

The Singapore Flyer stands at around 165 meters tall, and bills itself as the world's largest giant observation wheel. The London Eye is slightly lower, at around 135 meters. The Singapore Flyer boasts of around 28-capsules each capable of carrying 28 people.

Officials say the wheel is completely different from the London Eye which is built on a three-dimensional structure. Passengers can expect pay 22 US dollars for a 30-minute ride on the new wheel.

 

 

 

 The Singapore Flyer was first conceived by Patrick MacMahon of Melchers Project Management (MPM), a subsidiary of German company Melchers, in the early 2000s. Formal planning commenced in 2002, MPM and Orient & Pacific Management (O&P) formed a new company, Singapore Flyer Pte Ltd (SFPL), as the developer with MPM holding a 75% stake and the rest by O&P. The project was formally announced and endorsed by the Singapore Tourism Board (STB) with the signing of a Memorandum of Understanding on 27 June 2003, formalising the understanding between the developer and STB with regard to the land-acquisition process. As stipulated in the MOU, the STB will purchase the plot of land in Marina Centre from the Singapore Land Authority, and lease it to Singapore Flyer Pte Ltd for 30 years with an option to extend the lease by another 15 years. In addition, the land will be rent-free during the construction phase of the project. In July 2003, Jones Lang LaSalle was appointed as the real estate advisor. Takenaka and Mitsubishi were selected as the main contractors, and Arup as the structural engineer.

Early designs showed a 169 m (554 ft) high wheel similar to the London Eye, drawing criticisms that it lacked originality. The developers pointed out that the design wasn't finalised and was merely for conceptualisation purposes though the final project changed little from the early designs. The project was to grind almost to a halt subsequently when the developers faced difficulties in sourcing for funds to build the wheel. Original plans to complete the wheel by the end of 2005 were thus postponed indefinitely, and there were reports (but denied by the STB) that the tourism board has set an ultimatum date on 31 March 2005 for the developer to iron out its financial issues and to keep the development going.

By September 2005, the project was revived when funds were successfully sourced from two German banks. Collin William Page, a subsidiary of ABN AMRO, will provide equity to a maximum of S$100 million, with a further S$140 million coming from Bayerische Hypo- und Vereinsbank. With the injection of S$240 million, the largest single foreign investment in the Singaporean entertainment industry, the wheel was slated to begin construction by the end of the month.The stakeholders then were AAA Equity Holdings, MPM and O&P.

In August 2007, Mr. Florian Bollen, Chairman SFPL, raised his stake in the Singapore Flyer from 60% to 90% through acquisition of MPM’s 30% stake. The deal was done via AAA Equity Holdings, a private investment vehicle headed by Mr Bollen. O&P, which spearheaded the project development management, owns the remaining 10%.

The attraction was expected to draw about 2.5 million visitors in its first year of operation, giving investors a net yield of about 13.4%. About 50% of visitors were expected to be foreign tourists, helping to generate about S$94 million in tourism receipts in its opening year. The expected visitorship figure was deemed ambitious by some however, but the STB and the wheel's investors were upbeat over its long-term prospects.

Adval Brand Group, its master ticketing distributor, guaranteed a minimum of 8 million euros in ticket receipts per year for its investors, which was based on an annual visitorship of 600,000.

flyer view

Design

The development has a gross building area of approximately 16,000 m2 (172,000 sq ft), built on a 33,700 m2 (362,700 sq ft) site along the Marina Promenade. Designed by Arup and Mitsubishi Heavy Industries with a capacity of up to 7.3 million passengers a year, the normally constant rotation of the wheel means that a complete trip lasts approximately 30 minutes.

The wheel features 28 air-conditioned capsules which, like those of the London Eye, are exo-capsules attached outward of the wheel structure. These offer the advantage of a continuously unobstructed view when the capsule is at the peak, unlike the more common endo-capsule design of most wheels (e.g. Star of Nanchang).

Each capsule has a floor area of 26 m2 (280 sq ft) and is capable of holding 28 passengers, or up to 5 wheelchairs and 15 other visitors when booked in advance for use by disabled guests. Wheelchair ramps and lifts, handicapped toilets, and a dedicated parking lot for the disabled are also provided.[5]

The terminal building on which the wheel sits on comprises three floors of commercial space, with an adjacent open air Greek-inspired theatre along the waterfront and complimented by a jetty. The site is beautified by luxurious landscaping, including roof gardens and a recreated rainforest in the terminal's atrium. An open bus park for 40 buses is located behind the building, and connected by an underpass to a covered multi-storey carpark for 300 vehicles. This carpark in turn has direct links to the underground Promenade MRT Station which is slated to be opened by 2010.

Visitors can take a free shuttle bus which operates on a half-hour basis to and from the Singapore Flyer to the City Hall MRT Station everyday.