Singapore welcomes the milestone project

3915

port

  Contract for the Tuas Terminal Phase 1 Reclamation, Wharf Construction, and Dredging project has been signed by Maritime and Port Authority of Singapore (MPA) and the Dredging International Asia Pacific-Daelim Joint Venture (DDJV).

The contract signed for USD 1.83 billion and completion of the project is expected within six years.

The New Port and Contract Signed:

673B7D44-4803-E45B-3A7F-47A182065D30.jpg

 MFAME’s Perception:  

  • The world’s second-busiest port in terms of total shipping tonnage, their decision to build new mega port receives a warm welcome, in order to reduce the ship waiting time at anchorage.
  • Movement of cargo’s would speed up, in turn ship owner, cargo owner and receiver will be more benefited.
  • Country’s economy would increase.  

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.