Boskalis signs EUR 300 million contract for Fehmarnbelt project
May 30 2016 - 12:37PM
Papendrecht, 30 May 2016
Today, Femern A/S, a subsidiary of the Danish
state-owned Sund & Bælt Holding A/S, and the Fehmarn Belt
Contractors joint venture, consisting of Royal Boskalis Westminster
N.V. (Boskalis) and Van Oord, signed the previously announced
contract related to the construction of the Fehmarnbelt Fixed Link.
Boskalis' share of the contract is approximately EUR 300
million.
The contract is conditional to obtaining the
outstanding environmental permits that have yet to be issued by the
German authorities.
The Fehmarnbelt Fixed Link will connect Denmark
and Germany and will be the world's longest immersed road and rail
tunnel with a length of more than 18 kilometers. The activity scope
for Boskalis together with Van Oord includes the dredging of a
tunnel trench in the seabed over a distance of 16 kilometers. The
dredged material will be reused to create a new recreational nature
reserve area on the Danish side of the Fehmarnbelt. The joint
venture will also construct a new working harbor where the tunnel
contractors will construct a tunnel fabrication yard where the
tunnel sections will be cast before being floated out to sea for
installation.
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 oil and gas sector and offshore wind industry as well as
salvage solutions (SMIT Salvage). Furthermore, Boskalis has a
number of strategic partnerships in harbour towage and terminal
services (KOTUG SMIT Towage, 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. Boskalis has
over 8,200 employees, excluding its share in
partnerships.
This press release can also be found on our
website www.boskalis.com.
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PDF version of this press release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
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
HUG#2016440
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