Boskalis wins EUR 80 million contract for artificial islands in Indonesia

Papendrecht, 24 March 2016

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by KSO Ciputra Yasmin to construct the land for the Centre Point of Indonesia Project located off the coast of Makassar. The contract value is approximately EUR 80 million. Work is scheduled to commence in the coming months and will last two years. Boskalis will deploy a mega trailing suction hopper dredger for the reclamation activities.

The project involves the construction of five artificial islands off the coast of Makassar. Approximately 75 hectares of land will be reclaimed using 9 million cubic meters of sand sourced from offshore borrow areas. The islands will be protected by rock revetments.

The construction of the five islands marks the first phase of a prestigious development by KSO Ciputra to provide high-quality waterfront land for both residential and commercial use.

Boskalis' strategy is aimed at benefitting from key macro-economic factors which drive worldwide demand in our markets: expansion of the global economy, increasing energy consumption, global population growth and the challenges presented by climate change. This land reclamation project is driven by the necessity to create land to accommodate population growth in a densely populated region.

Visit https://vimeo.com/boskalis/makassar for an animation about the project activities.

For further information

Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com

Press:
Arno Schikker
press@boskalis.com

T +31 78 6969310

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world with services including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the offshore energy sector including subsea, heavy transport, lifting and installation (through Boskalis, Dockwise and Fairmount) and towage and salvage (through SMIT). Furthermore, Boskalis has a number of strategic partnerships in harbour towage and terminal services (Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of 1,000 units Boskalis operates in around 75 countries across six continents. Excluding its share in partnerships, Boskalis has over 8,200 employees.

This press release can also be found on our website www.boskalis.com.

PDF version of this press release
Artist impression Centre Point of Indonesia

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Koninklijke Boskalis Westminster N.V. via Globenewswire

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