The contract value for the consortium, including Penta Ocean Construction Company and Hyundai Engineering & Construction Company, is approximately SGD 1.46bn ($1.1bn). Boskalis' share in the consortium is 30% with a corresponding contract value of approximately $370.7m. The contract is expected to be finalised 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 km of caisson walls. The nearly 30 m-high caissons designed for this project will be amongst the largest ever used in the world.
Boskalis will execute various dredging and civil engineering activities within the above scope, including the deepening of the port basin and access channel, dredging of a sand-key and managing the supply of sand to create the new land.
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 nine-year time frame and are expected to be completed in 2027.