Boskalis Lands Singapore Deal
- Business & Finance
Royal Boskalis Westminster N.V. (Boskalis) has in consortium been awarded work associated with the expansion of the Singapore Tuas Mega Port development.
Jurong Town Corporation awarded the reclamation project of Tuas Finger One to the consortium, comprising of Hyundai, Samsung, Penta Ocean, Boskalis and Van Oord.
The total contract value is USD 773.6m, and the combined Boskalis/Van Oord share is approximately USD 135m.
It is expected that the majority of the 24.5m cubic meters of sand required for this project will be supplied by long distance bulk carriers.
In addition to the land reclamation work, the consortium will undertake dredging and construct 3.4 kilometers of quay wall.
Work is set to start within the next couple of weeks and will last until late 2018.
Press Release, July 17th, 2014