Boskalis receives EUR 1.5 billion land development project for Manila International Airport in the Philippines
15 Dicembre 2020 - 7:53AM
Boskalis receives EUR 1.5 billion land development project for
Manila International Airport in the Philippines
Papendrecht, 15 December 2020
Boskalis has received a Letter of Confirmation of
Acceptance of Bid for the Land Development Design and Construction
of the Manila International Airport (MIA) in the Philippines. The
Letter of Confirmation was issued by San Miguel Aerocity Inc
(SMAI), a subsidiary of San Miguel Corporation (SMC), one of the
largest and most diversified companies in the Philippines. SMAI is
the concession holder of MIA, which is a greenfield development
aimed at serving the growing air traffic demands in the Greater
Capital Region of Manila and will complement the air traffic
operations at the existing and congested Ninoy Aquino International
Airport. The MIA land development project has an estimated value of
EUR 1.5 billion, making this the largest project in Boskalis’
history.
Peter Berdowski, CEO: “The confirmation of a project of this
scale is fantastic news. As Boskalis, we have a rich tradition in
creating land all over the world to the highest technical and
environmental standards. We enthusiastically look forward to
applying this know-how for the Manila International Airport land
development. During the construction phase, we will contribute to
the local economy and the new airport will bring further
socio-economic growth to the greater Manila region. Through this
project, we have secured the utilization for our large dredging
vessels for the coming years.”
Approximately 1,700 hectares of land will be developed for the
MIA airport in Bulakan, located around 20 kilometers north from the
heart of Metro Manila in Bulacan Province. The land development
project will be designed according to the highest technical and
environmental standards to withstand potential large earthquakes,
local typhoons and future sea level rise.
The government of the Philippines has granted a 50-year
concession to SMAI to build, operate and maintain the airport. The
land development phase will be financed through a consortium of
international banks. SMC has completed its environmental and social
impact assessment consistent with local regulations and is
currently conducting a more comprehensive study to ensure long-term
sustainability and adherence to international standards.
For the dredging activities, which will span over a period of
three years, Boskalis will deploy a number of trailing suction
hopper dredgers including its largest mega hopper dredgers and a
large cutter suction dredger. Boskalis’ workplan and methodology
includes measures to prevent soil liquefaction in the entire area
through the use of dynamic compaction. Preparatory work is
scheduled to commence in the first quarter of 2021 with the land
development project expected to be completed by the end of
2024.
Boskalis is a global dredging contractor with a rich heritage
and successful track record spanning more than a century. A
selection of impressive projects include those executed in
Singapore (multiple over many decades with currently the Tuas
Terminal phase two and Tekong polder projects under development),
South Korea (including Songdo International City), Bahrain
(numerous projects), Oman (Duqm), Panama (Punta Pacifica islands),
Indonesia (development of five islands in Makassar) and the
Netherlands (current development of IJburg residential area in
Amsterdam).
FOR FURTHER INFORMATION
Investor relations:Martijn L.D.
Schuttevâerir@boskalis.com
Press:Arno Schikkerpress@boskalis.com
T +31 786969310
This is a Boskalis press release on the grounds of
article 17 paragraph 1 of the European Market Abuse Regulation
(596/2014).
Royal Boskalis Westminster N.V. is a leading global
services provider operating in the dredging, maritime
infrastructure and maritime services sectors. The company provides
creative and innovative all-round solutions to infrastructural
challenges in the maritime, coastal and delta regions of the world.
With core activities such as coastal defense, riverbank protection
and land development Boskalis is able to provide adaptive and
mitigating solutions to combat the effects of climate change, such
as extreme weather conditions and rising sea levels, as well as
delivering solutions for the increasing need for space in coastal
and delta regions across the world. The company facilitates the
development of offshore energy infrastructure, including renewable
wind energy. Boskalis is furthermore active in the construction and
maintenance of ports, waterways, access channels and civil
infrastructure, thus helping to facilitate trade flows and regional
socio-economic development. In addition, Boskalis is a global
marine salvage expert and has a number of strategic partnerships in
harbor towage and terminal services (Keppel Smit Towage and Smit
Lamnalco). With a versatile fleet of more than 700 vessels and
floating equipment and 9,600 employees, including associates,
Boskalis is creating new horizons around the world.
This press release can also be found on our website
www.boskalis.com.
- Boskalis Manila International Airport ENG