Singapore awards $1.1 billion contract to expand its port - MPA
25/04/2018 05:29
SINGAPORE, April 25 (Reuters) - Singapore on Wednesday
announced a $1.1 billion plan to expand and modernise its port,
one of the world's most important shipping hubs, but which is in
fierce competition with several Chinese harbours including
Shanghai, Shenzhen and Guangzhou.
The Maritime and Port Authority of Singapore (MPA) said it
has awarded a project worth S$1.46 billion ($1.10 billion) for
the second phase of its Tuas Terminal port development to a
joint venture of firms, including Korea's Hyundai Engineering
and Construction 000720.KS .
($1 = 1.3235 Singapore dollars)
(Reporting by Aradhana Aravindan and Henning Gloystein; Editing
by Christian Schmollinger)
((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net))