Boskalis to Build Singapore's First Polder
Royal Boskalis Westminster N.V. said it has received a Letter of Award from the Housing & Development Board of Singapore for the development of a polder at the north western tip of Pulau Tekong. The contract value for the joint venture with Penta Ocean Construction Company is approximately EUR 800 million of which Boskalis' share is approximately EUR 400 million.
Peter Berdowski, CEO Boskalis said, "Our company has a rich heritage of building dikes and developing polders in the Netherlands, and the creation of this first polder in Southeast Asia is an important new milestone. Over the past decades Boskalis has been active in Singapore reclaiming land enabling the country to grow. The use of polders however creates new opportunities to expand. Through this project we look forward to pushing back boundaries and demonstrating our global leadership position as dredging and marine experts."