March 2012 - Keppel Corporation

12 Sustaining GrowthUrban success storyThe Lee Kuan Yew World City Prize 2012 was awarded to Mr Michael Bloomberg (second from left), Mayor of New York City, and the city’s Departments of Transportation, City Planning andParks, and Recreation for the city’s remarkable transformation after the devastating September 11 attacks over a decade agoThe City of New York hasbeen awarded the prestigiousLee Kuan Yew World CityPrize 2012, sponsored byKeppel Corporation, afterbeating more than 60nominees from all aroundthe world.The prize was awarded toMr Michael Bloomberg,Mayor of New York City,and the city’s Departments ofTransportation, City Planningand Parks, and Recreationfor the city’s remarkabletransformation after thedevastating September 11attacks over a decade ago.The biennial awardrecognises cities and theiradministrative departmentsfor outstanding contributionstowards the creation ofvibrant, liveable andsustainable urbancommunities around theworld.As part of its commitmentto nurture communities andpromote the developmentof its industries, Keppel haspledged to be the mainsponsor of the internationalaward for ten years.Mr Choo Chiau Beng, CEOof Keppel Corporation,said, “We extend to theMayor of New York City,Michael Bloomberg, ourcongratulations for a welldeservedcommendation.Mayor Bloomberg, togetherwith various agencies, haveboldly executed and built ontransformative initiatives inthe city over the past decade.New York has progressd froma city in adversity to a city incontinuous advance. Keppelis akin to the galvanisingof collective strengths torise above challenges withrenewed vigour.”Mayor Bloomberg willreceive $300,000 cash, agold medallion and an awardcertificate, fully sponsoredby Keppel Corporation, ata ceremony on 2 July 2012,during the upcoming WorldCities Summit.On winning the award,Mayor Bloomberg, said,“Receiving the Lee KuanYew World City Prize is notonly a great honour, it is anaffirmation of our vision forNew York as a global leaderin sustainable developmentand designing innovativepublic spaces.“Our vision has beeninformed by the experiencesof other cities around theworld, including Singapore.New York is a city that is open– to all people, commerce,and ideas – and we willcontinue to make our city aneven more attractive place tolive, work, and visit.“We hope that our story helpsinspire other city leaders topromote economic growthby fostering a culture offreedom and innovation.”The World City Prize is jointlyorganised by the UrbanRedevelopment Authorityand the Centre for LiveableCities. keppeliteKeppelite I March 2012