Singapore Flyer

The Singapore Flyer is a giant Ferris wheel in Singapore. Described by its operators as an observation wheel, it opened in 2008, construction having taken about 2½ years. It carried its first paying passengers on 11 February, opened to the public on 1 March, and was officially opened on 15 April. It has 28 air-conditioned capsules, each able to accommodate 28 passengers, and incorporates a three-storey terminal building. 

The Flyer has an overall height of 165 metres (541 ft) and was the world's tallest Ferris wheel until the 167.6 m (550 ft) High Roller, which is 2.6 m (9 ft) taller than the Flyer, opened on the Las Vegas Strip in Nevada, US, on 31 March 2014. The previous record holder, the Star of Nanchang, in Jiangxi, China, is 160 m (525 ft) tall, although its 153 m (502 ft) diameter wheel is larger than the Flyer's 150 m (492 ft) wheel. 

The Singapore Flyer was first conceived in the early 2000s by Patrick MacMahon of Melchers Project Management, a subsidiary of German company Melchers. Formal planning commenced in 2002. A new company, Singapore Flyer Pte Ltd, was formed as the developer, with Melchers Project Management holding a 75% stake, and the remainder held by Orient & Pacific Management. 

The project was formally announced and endorsed on 27 June 2003 by the Singapore Tourism Board with the signing of a memorandum of understanding, formalising the understanding between the developer and tourism board with regard to the land-acquisition process. Under this agreement, the tourism board was to 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. The land was to 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) tall wheel similar to the London Eye, drawing criticism that it lacked originality. The developers pointed out that the design was not finalised and was merely for conceptualisation purposes, though the final project changed little from the early designs. Subsequently, the project was to grind almost to a halt when the developer faced difficulties in sourcing funds to build the wheel. Original plans to complete the wheel by the end of 2005 were thus postponed indefinitely, and there were reports (denied by the Singapore Tourism Board) that the tourism board has set an ultimatum date of 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, was to provide equity to a maximum of S$100 million, with a further S$140 million coming from HypoVereinsbank. With this injection of S$240 million, the largest single foreign investment in the Singaporean entertainment industry, construction was slated to begin by the end of the month. The stakeholders then were AAA Equity Holdings, Melchers Project Management, and Orient & Pacific Management. 

In August 2007, Florian Bollen, Singapore Flyer Pte Ltd chairman, raised his stake in the Singapore Flyer from 60% to 90% through acquisition of Melchers Project Management's 30% stake. The deal was done via AAA Equity Holdings, a private investment vehicle headed by Bollen. Orient & Pacific Management, which spearheaded the project development management, owns the remaining 10%. 

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 32 minutes. 

The Flyer's 28 air-conditioned capsules are mounted outboard of the rim of the wheel structure, providing continuously unobstructed views. Each capsule has a floor area of 26 m2 (280 sq ft) and is capable of holding 28 passengers, or up to five wheelchairs and 15 other visitors when booked in advance for use by disabled guests. 

The wheel initially rotated in a counter-clockwise direction when viewed from Marina Centre, but on 4 August 2008 this was reversed on the advice of Feng shui masters.

Wheelchair ramps and lifts, handicapped toilets, and a dedicated parking lot for the disabled are also provided.