A joint venture comprising Hyundai Engineering and Construction (Korea), Penta-Ocean Construction (Japan) and Boskalis International (The Netherlands) has won a $1.1bn (SGD1.46bn) contract from the Maritime and Port Authority of Singapore (MPA) for the second phase of its Tuas Terminal port development.
The agreement was signed at the Singapore Maritime Technology Conference (SMTC).
Works under Phase 2 will include the design and construction of 387 hectares of reclaimed land bounded by 9.1km of caisson walls.
According to Boskalis, the 30m high caissons will be amongst the largest ever used in the world.
In a statement, the MPA said: “The Tuas Terminal development is a testament to Singapore’s commitment to sustain its lead as a global maritime nation.”
Phase two is part of a four-stage development over 30 years. The first phase of reclamation work is scheduled to be completed by the early 2020s and the second phase in mid-2020s.
The second phase of development will increase the total port capacity by another 21 million TEUs by 2027.
When fully completed by 2040s, the container terminal will have a capacity of 65 million TEUs annually.
As part of the development, nearly all of the port facilities will be moved out of Singapore’s Central Business District to industrially developed Tuas.
Latest innovations and technologies, including E-cranes and reclaimer barges, will be used to maximise the use of dredged materials for filling above sea level.
Boskalis has a 30% share in the consortium, with a corresponding contract value of approximately $366.3m.
Under the contract, dredging and civil engineering activities will be taken up by Boskalis. These include deepening of the port basin and access channel, dredging of a sandkey, as well as managing the supply of sand to create the new land.
The project is part of Singapore’s next-generation port vision that involves the consolidation of container port activities at all city terminals at Tanjong Pagar, Pasir Panjang, Keppel and Brani.