16 Apr 2019
JTC Corporation has awarded a S$52.5 million contract to a consortium consisting of Keppel Corp’s unit Keppel Infrastructure Holdings and Asia Projects Engineering for a Jurong Island pipelines project, following an open tender.
Led by energy solutions provider Keppel Infrastructure through its subsidiary Pipenet, the consortium is tasked with designing and building two 48 inch crude oil pipelines and ancillary facilities along parts of Banyan Drive, Banyan Avenue and the Jurong Island Highway, Keppel Corp said on Tuesday in a regulatory filing.
This will facilitate pipeline connection to the Jurong Rock Caverns on Singapore’s Jurong Island, which will help facilitate the transportation of crude oil between Jurong Rock Caverns and its users.
The project is marked for completion by end 2020 and is not expected to have any material impact on the earnings per share and net tangible asset per share of Keppel Corp for fiscal 2019, the group added.
To read more, please click on the following link(s): https://www.businesstimes.com.sg/companies-markets/consortium-led-by-keppel-infrastructure-unit-bags-s525m-jurong-island-pipelines
