JTC Corporation and the Economic Development Board (EDB) jointly unveiled the master plan for the 50 hectare CleanTech Park at Nanyang Avenue. As Singapore’s first eco-business park, CleanTech Park will push the boundaries of green sustainability, serving as a large-scale integrated “living laboratory” for testbedding and demonstration of system-level clean technology solutions.

The park will house a core nucleus of cleantech activities to serve as an epi-centre for research, innovation and commercialization in clean technology. Building on the synergies of being located next to Nanyang Technological University (NTU), CleanTech Park will also house R&D activities from the university, fostering a conducive environment which promotes collaborations between industry and academia.

The development of park will be carried out in 3 phases over 20 years. Phase 1 will commence in July 2010. When completed, Phase 1 will provide approximately 17 ha of business park land. CleanTech Park will house a working population of 20,000 when it is fully built by 2030.

CEO of JTC Corporation, Manohar Khiatani said, “CleanTech Park will serve as an icon for the development and application of clean technologies and we shall strive to push the envelope but in a practical and cost effective way. Environmental sustainability will be the natural direction that businesses must take moving forward. CleanTech Park will be emblematic of how businesses can achieve both economic vibrancy and environmental sustainability; functioning in harmony with nature.”

Dr Beh Swan Gin, Managing Director, Singapore Economic Development Board, said, “Companies are increasingly interested in commercial and research space that is eco-friendly. CleanTech Park will provide such progressive investors with an attractive option and also foster the clustering of like-minded companies in one location. CleanTech Park’s tenants will also benefit from the close proximity to NTU, thereby promoting the cross-fertilisation of knowledge and ideas to facilitate the development and demonstration of systems-level CleanTech solutions.”

NTU will be the first anchor tenant of CleanTech Park. It will help seed research and development activities at the CleanTech Park. Prof Subodh Mhaisalkar, Co-Director for ERI@N (Energy Research Institute at Nanyang Technological University) said, “Having CleanTech Park next to NTU is significant. It will help us work seamlessly with key industry partners in CleanTech Park and allow our students to gain invaluable opportunities for attachment and hands-on experience in state-of-the-art green technologies.”

In line with the overall national effort towards sustainable growth, CleanTech Park is a key initiative outlined in the $1 billion Singapore Sustainable Blueprint for building a greener, more energy efficient and sustainable Singapore.