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Keppel extends sponsorship of the Lee Kuan Yew World City Prize




24 March 2014

Suzhou City conferred Lee Kuan Yew World City Prize 2014

Singapore, 24 March 2014 – Suzhou (苏州市), Jiangsu Province (江苏省), China, has been conferred the Lee Kuan Yew World City Prize 2014 for its demonstration of sound planning principles and good urban management. Despite facing numerous challenges through China’s rapid industrialisation and urbanisation processes, Suzhou has overcome difficulties through several stages of transformation to achieve remarkable economic prosperity, and preservation of its celebrated cultural and historic heritage concurrently.

The biennial Lee Kuan Yew World City Prize is jointly organised by the Urban Redevelopment Authority (URA), Singapore’s land-use planning and conservation authority, and the Centre for Liveable Cities, to honour outstanding achievements and contributions to the creation of liveable, vibrant and sustainable urban communities around the world. The award seeks to recognise and celebrate efforts in furthering urban solutions and sustainable urban development.

This year’s Prize Laureate was selected from 36 nominated cities, through a rigorous two-tier process comprising a Nominating Committee and a Prize Council.

Chairman of the Nominating Committee, Kishore Mahbubani said, “Suzhou has always been one of China’s most beautiful cities. It could have been destroyed by modernisation and industrialisation. Instead, Suzhou’s leaders took a holistic approach and sought to achieve the triple goals of economic and social progress as well as the preservation of its significant historical heritage. It has been spectacularly successful in meeting these goals and it richly deserves the Lee Kuan Yew World City Prize.”

Mayor of Suzhou, Zhou Naixiang (周乃翔市长) said, “We are honoured to receive this award. This is an affirmation of our effort in striving for excellence in urban planning and development. Winning this award is an enormous encouragement for us to push for more innovative solutions for Suzhou to develop in a sustainable way while preserving our treasured historic and natural heritage.”

“We congratulate the city of Suzhou and its leaders on this well-deserved commendation. Mayor Zhou Naixiang and his team have spearheaded robust and practical measures to tackle the challenges of modern day urbanisation while upholding Suzhou’s rich culture and heritage. The foresight of Suzhou’s leaders in implementing the city’s reinvention and revitalisation is a quality that resonates strongly with Keppel, where we value sustainability as an intrinsic driver of positive urban development,” remarked Mr Loh Chin Hua, CEO of Keppel Corporation, who also affirmed the Company’s commitment and extension of sponsorship towards another five cycles of the Prize from 2020 to 2028.

Winning ingredients of Suzhou
The key to Suzhou’s rise is strong leadership and good governance in implementing a comprehensive Master Plan to develop the city. It has carried out good urban management practices, such as implementing a balanced and holistic urban development, achieving economic vitality while ensuring the preservation of its culture and heritage. Investments in physical infrastructure are complemented by effective social integration policies, enabling the city to manage rural-urban migration challenges well.

Please refer to Annex A for for the jury citation on Suzhou and Annex B for Suzhou’s key strategies and achievements.

Two Special Mentions
Two cities have been selected for Special Mention to facilitate greater sharing of urban practices with cities around the world.

Medellín, Colombia
Yokohama, Japan

Please refer to Annex C for details of the Special Mentions.

Starting from 2014, the Prize accepted nominations from cities only, unlike the earlier two editions where individuals and organisations were also eligible. However, key leaders, organisations and partners will be recognised as part of the nomination. This approach emphasises how successful cities require cooperation and collaboration across the different sectors.

Extension of sponsorship
Keppel Corporation has extended their sponsorship of the Prize, doubling the current sponsorship amount by another S$1.75 million, up to year 2028. Keppel’s strong support as sole sponsor since the inaugural award in 2010 enables the continued recognition of cities who have taken bold and innovative steps to create liveable, vibrant and sustainable urban communities. The Prize provides a valuable platform for fostering knowledge transfer between cities, catalysing sustainable urbanisation through a rich exchange of ideas and experiences.

Prize Award Ceremony at World Cities Summit
The Lee Kuan Yew World City Prize is a key showcase at the upcoming World Cities Summit which will be held from 1 to 4 June 2014 at the Marina Bay Sands. The Laureate will receive the Prize at the Lee Kuan Yew Prize Award Ceremony and Banquet which will be held on 2 June 2014. The Prize comprises a gold medallion, an award certificate, and S$300,000 sponsored by Keppel Corporation. Please see Annex D for more details on the Lee Kuan Yew World City Prize.

The World Cities Summit is a premier platform for government leaders and industry experts to address the challenges of liveable and sustainable cities, share integrated urban solutions and forge new partnerships. Under the theme “Liveable and Sustainable Cities: Common Challenges, Shared Solutions”, the fourth edition of the Summit will seek to share new insights and best practices in urban solutions, explore opportunities and public-private partnerships and highlight new trends on urbanisation challenges around the world. For more information, visit www.worldcitiessummit.com.sg.

For media queries, please contact:
Galen Lim (Mr)
Urban Redevelopment Authority of Singapore
Tel: (65) 6321 8137
Email: galen_lim@ura.gov.sg