Singapore: Sembcorp Marine has awarded Zhen Hua (S) Engineering the S$443.25m turnkey construction contract for Phase I of the New Yard Development project. The contract is part of the S$750 million projected costs for Phase I of the New Yard Development announced on 4th November 2009 and relates to a land area of 73.3 hectares located at Tuas View Extension on the west of Singapore.
This turnkey construction contract is for the design and construction of the proposed four VLCC drydocks, wharves, quays, piers and other ancillary works for the New Yard Phase I Development project.
Construction work commenced yesterday (18 November 2009) upon the signing of the construction contract, with completion scheduled for May 2013. [19/11/09]
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