A consortium of three companies has secured a contract for the port development project Tuas Terminal Phase II in Singapore.
The consortium includes dredging company Royal Boskalis Westminster from the Netherlands and construction companies Penta-Ocean Construction Company from Japan and Hyundai Engineering & Construction Company from South Korea.
As informed, the contract value is around SGD 1.46 billion (USD 1.11 billion).
Boskalis said it has received a letter of award from the Maritime and Port Authority of Singapore (MPA) for the project also referred to as Tuas Terminal Finger Pier 3. Boskalis’ share in the consortium is 30% with a corresponding contract value of approximately EUR 300 million.
The contract is expected to be finalized in the next few weeks after the Chinese New Year.
The Tuas Terminal Phase II development is a part of the Tuas Port project and includes the design and construction of 387 hectares of land reclamation works bounded by 9.1 kilometers of caisson walls. The nearly 30 meter high caissons designed for this project will be amongst the largest ever used in the world, according to Boskalis.
Boskalis will do dredging and civil engineering works within the above scope. The dredging and land reclamation activities will be executed with a combination of a medium-sized trailing suction hopper dredger, grab and backhoe dredgers and long-distance bulk carriers.
The activities will commence in the coming weeks. The construction activities will take place over a 9-year time frame and are expected to be completed in 2027, Boskalis added.
The Tuas Terminal project includes four phases scheduled to be completed in 2040. The first phase of the construction began in April 2016 and is still ongoing.
The project is a centerpiece of Singapore’s next-generation port vision entailing the consolidation of container port activities at all city terminals at Tanjong Pagar, Pasir Panjang, Keppel and Brani.
With a total capacity of up to 65 million TEUs, Tuas Terminal is expected to be the largest container terminal in the world able to accommodate mega-ships.