Asia/Pacific News
MPA Signs $1.83 Billion Singapore Mega Port Project
The Maritime and Port Authority of Singapore (MPA) has signed a $1.83 billion deal to construct a new port terminal on reclaimed land, WorldMaritimeNews reports.
Once completed, the Tuas Terminal Phase 1 project is expected to have 20 deep-water berths with a capacity of 20 million TEUs per year.
The project will be carried out in part with the Dredging International Asia Pacific-Daelim Joint Venture (DDJV), who will be responsible for reclaiming 294 hectares of land, dredging the fairway and basins, and building an 8.6-kilometre quay wall.
According to reports, the reclamation is estimated to involve more than 80 million cubic metres of reclamation fill.
The quay wall will also reportedly be constructed onsite at a temporary yard before being moved using a floating dock vessel.
The project is expected to be completed in six years.
Earlier this year, the MPA also announced an SGD $65 million (US$46.8 million) investment into attracting talent to the maritime sector.
