Singapore: Sembcorp Marine to Start Phase II Development of Integrated New Yard Facility

Sembcorp Marine announced, Dec. 12th, the acquisition of a 34.5-hectare site for the Phase II development of its Integrated New Yard Facility.

Located at Tuas View South Extension in the west of Singapore, the 34.5-hectare site is the second phase of the planned 206-hectare New Yard Facility that Sembcorp Marine announced on November 4, 2009 to position the Group for sustainable growth and long-term competitiveness

Phases of Construction

The lease of the 34.5-hectare Phase II new yard from Jurong Town Corporation (JTC) will be 30 plus 30 years. Located adjacent to and north of the Phase I development, the Phase II new yard will be developed in stages and over a period of four to five years.

Details of the Phase II new yard, commencement of site development and capex plans will be announced separately at an appropriate time.

Sembcorp Marine’s Integrated New Yard Facility, currently under construction, is designed with environmentally friendly and innovative features, in line with the Group’s commitment to environmental sustainability. The new yard will be constructed to meet the Building and Construction Authority’s Green Mark certification and will utilise recyclable construction materials as well as include sustainable green features for energy efficiency, water efficiency, environmental protection and indoor environmental quality.

[mappress]

Press Release, December 12, 2012