February 21, 2018 / 10:02 AM / 9 months ago

BRIEF-Boskalis To Participate In Singapore Finger Pier 3 Development Project For 300 Million Euros

Feb 21 (Reuters) - KONINKLIJKE BOSKALIS WESTMINSTER NV :

* RECEIVES EUR 300 MILLION LETTER OF AWARD FOR SINGAPORE FINGER PIER 3 DEVELOPMENT

* ‍CONTRACT IS EXPECTED TO BE FINALIZED IN NEXT FEW WEEKS AFTER CHINESE NEW YEAR​

* ‍ACTIVITIES WILL COMMENCE IN COMING WEEKS​

* ‍CONSTRUCTION ACTIVITIES WILL TAKE PLACE OVER 9 YEARS, SHOULD BE COMPLETED IN 2027​

* IN ‍CONSORTIUM INCLUDING PENTA OCEAN CONSTRUCTION COMPANY AND HYUNDAI ENGINEERING & CONSTRUCTION COMPANY​

* BOSKALIS HAS A 30 PERCENT SHARE IN CONSORTIUM‍​

* ‍THE PORT DEVELOPMENT PROJECT IS FOR MARITIME AND PORT AUTHORITY OF SINGAPORE (MPA)​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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