Thursday, November 15, 2007

MPA awarded contract for joint venture

The Maritime and Port Authority of Singapore (MPA) has awarded a contract to a joint venture comprising Penta Ocean Construction, Koon Construction and Transport, Hyundai Engineering and Construction and Van Oord Dredging and Marine Contractors, to develop 16 new container berths at Pasir Panjang.

This project increases 14 million TEU to Pasir Panjang Terminal's container handling capacity. Singapore's continued development as a major hub port and maritime centre will be more enhanced through the expansion of port facilities, which will enable the port to capture the growing container handling business. The contract is valued at some S$1.92 billion (US$1.33 billion) Work will commence in the last quarter of 2007, and will take about six years to complete.
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