Boskalis receives LOI for EUR 480 million port development project in Oman
January 15 2017 - 10:22AM
Papendrecht, 15 January 2017
Royal Boskalis Westminster N.V. (Boskalis) has
received a Letter of Intent to Award a contract for the development
of the port of Duqm in Oman. The contract with a value of
approximately EUR 480 million will be awarded by Sezad (Special
Economic Zone Authority Duqm). The final award is subject to Sezad
satisfying certain conditions.
The contract includes the engineering, design,
procurement and construction of a bulk liquid berth terminal. The
Port of Duqm is a an existing strategic dry dock and industrial
free trade zone located in the Al Wusta Region between Muscat and
Salalah and has been designated as a Special Economic Zone.
Various dredging & civil activities will be
executed under the responsibility of Boskalis, including the
deepening of the port basin to a depth of 18 meters, reclamation of
new land, the construction of a quay wall with a length of one
kilometer, a double berth jetty island and stone revetment. The
dredging scope will be executed by the new mega cutter Helios,
which will be taken into service mid-2017, and a jumbo hopper and
medium-sized trailer suction hopper dredger.
Based on the current expectations, the design
activities are due to commence in the coming weeks and equipment
will be mobilized mid-2017. The project is expected to be completed
in 2020.
For further information
Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com
Press:
Arno Schikker
press@boskalis.com
T +31 78 6969310
This is a Boskalis press release on the grounds of
article 17 paragraph 1 of the European Market Abuse Regulation
(596/2014).
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.
pdf version press release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
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