Boustead S’pore wins S$60m contract to build Singapore Freeport

Boustead S’pore wins S$60m contract to build Singapore Freeport

 

SINGAPORE: Infrastructure company Boustead Singapore has won a turnkey contract worth S$60 million to build the first phase of the Singapore FreePort.

 

This is a dedicated ultra-high security space for the safe and secure storage, display and trade of the world’s finest collections and valuables.

 

The first phase of this special state-of-the-art facility is due to be completed in the fourth quarter of next year.

 

The FreePort will be directly connected to Changi Airport for the rapid and safe transfer of collections and valuables.

 

The facility, which is expected to be completed in 2011, has a gross floor area of some 22,500 square metres for Phase 1 and an additional 24,000 square metres for Phase 2.

 

Boustead said the contract is expected to have a positive material impact on its profitability and earnings per share in the current financial year ending 31 March 2009.

 

Source: Business Times

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s