Press release

Papendrecht, 14 September 2011

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract worth approximately € 30 million to provide and install a submarine fiber optic cable across the Strait of Magellan, Argentina. The contract was awarded by the state-owned corporation AR-SAT (Empresa Argentina de Soluciones Satelitales S.A.).

The fiber optic cable, which will be used for internet and digital television, will connect the city of Rio Gallegos in the province of Santa Cruz with the city of Rio Grande in the province of Tierra del Fuego.
The length of the submarine fiber optic cable is approximately 40 kilometers. The water depth (up to 70 meters), strong currents and high tidal conditions make for a challenging operating environment.

Boskalis will execute this project together with subcontractor Alcatel Lucent. A large trailing suction hopper dredger and a seagoing cable-laying vessel will be deployed for this turnkey project. The cable will be trenched, using both a jetting sledge and a plough. Dredging will be required for some parts of the seabed where the soil is too hard to use a jetting sledge. Boskalis will also be responsible for the shore approaches on both sides, as well as installing about 60 km of land cable on the mainland of Argentina and on Tierra del Fuego. Work on the project is expected to commence shortly and last for a total of approximately eight months.

The Boskalis strategy is designed to benefit from the key macro-economic drivers that are fueling global demand in our selected markets: global trade, increasing energy consumption, expanding population pressures and the challenges of changing climate conditions.

This is an English translation of the Dutch press release. In the event of any disparity between the Dutch original and this translation, the Dutch text will prevail.

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 including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. Boskalis offers a wide variety of marine services through SMIT and also has strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). The company holds important home market positions in and outside of Europe. Boskalis has a versatile fleet of over 1,100 units and operates in around 65 countries across six continents. Including its share in partnerships, Boskalis has approximately 14,000 employees.

For further information please contact:

Martijn L.D. Schuttevâer
Director of Investor Relations & Corporate Communications
Telephone:+31 78 69 69 822 / +31 6 200 10 232
Telefax:+31 78 69 69 020
E-mail:                 m.l.schuttevaer@boskalis.nl

 

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