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MPA signs S$2.4b deal for first phase of Tuas Terminal

Contract awarded to joint venture between Belgian firm Dredging Int'l Asia Pacific and South Korea's Daelim Industrial

Published Thu, Apr 23, 2015 · 09:50 PM

Singapore

THE Maritime and Port Authority of Singapore (MPA) has inked a S$2.42 billion deal to develop the first phase of the Tuas Terminal, it said in a statement on Thursday.

The contract was awarded to a joint venture (JV) between Belgian firm Dredging International Asia Pacific and South Korea's Daelim Industrial. The JV will also tap local firms' capabilities, the authority said.

Senior Minister of State for Finance and Transport Josephine Teo noted in a speech on Thursday that the project incl…

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