Van Oord in The Netherlands has confirmed that the Maritime and Port Authority of Singapore (MPA) has awarded a contract to a joint venture comprising Penta Ocean Construction Co Ltd, Koon Construction & Transport Co Pte Ltd, Hyundai Engineering & Construction Co Ltd and Van Oord Dredging and Marine Contractors, to develop 16 new container berths at Pasir Panjang.
The project will add 14 million TEUs to Pasir Panjang Terminal's container handling capacity.
The expanded port facilities will enable the port to capture the growing container handling business, as part of Singapore's continued development as a major hub port and maritime centre. The contract is valued at some S$1.92 billion (approximately 910 million Euros).
Work will commence in the last quarter of 2007, and will take about six years to complete.
The project will add 14 million TEUs to Pasir Panjang Terminal's container handling capacity.
The expanded port facilities will enable the port to capture the growing container handling business, as part of Singapore's continued development as a major hub port and maritime centre. The contract is valued at some S$1.92 billion (approximately 910 million Euros).
Work will commence in the last quarter of 2007, and will take about six years to complete.