Date: January 23, 2007
Dredging company Royal Boskalis Westminster nv hereby announces that it has won a major contract for the construction of an export terminal for LNG in Soyo, Angola. The contract involves creating new land at sea as well as dredging an access channel and will be carried out in a joint venture with dredging company Jan de Nul. The contract is worth approximately 300 million in which Boskalis has a 50% share. The work will be completed by the end of 2008.
The access channel will be constructed by heavy cutters that will dredge 26 million m³ of material. About 5 million m³ of the dredged material will be used to create 140 hectares of new land on which the LNG terminal will be built. In addition, some medium-sized hoppers will be used to reclaim 2 million m3 of sand from the sea for the new land.
This project in Angola is one of a series of large-scale LNG projects on the global maritime infrastructure market. The market is driven by long-term factors, such as increases in the global population, the growth of the global economy and international trade volumes and the developments on the energy markets.
Royal Boskalis Westminster nv is an international group with a leading position in the world market for dredging services. Its core activities are the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. The company holds important home market positions in and outside of Europe and targets all market segments in the dredging industry. It also has positions in strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). Boskalis has a versatile fleet of over 300 units and operates in over 50 countries across five continents. Including its share in partnerships, Boskalis has over 7,000 employees.
For further information please contact:
Roel Berends - Corporate Relations
Telephone: +31 (0)78 69 69 314 / +31 (0)6 2001 0232
Fax: +31 (0)78 69 69 805
This press release can also be found on our website www.boskalis.com.
For IR matters contact our Director of Investor Relations & Corporate Communications.
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