Mega port: Stacked containers sit among gantry cranes at the Port of Singapore in Singapore. The Maritime and Port Authority of Singapore said it has awarded a project worth S1.46bil (US1.1bil) for the second phase of its Tuas Terminal port development to a joint venture of firms, including Korea’s Hyundai Engineering and Construction. — Bloomberg
SINGAPORE: Singapore has announced a US$1.1bil plan to expand and modernise its port, the world’s second biggest, 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$1.46bil (US$1.1bil) for the second phase of its Tuas Terminal port development to a joint venture of firms, including Korea’s Hyundai Engineering and Construction.
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