Papendrecht, 17 December 2010
Royal Boskalis Westminster N.V. has been awarded a contract by the Dutch Directorate General for Public Works and Water Management to reinforce part of the coastline in the province of Zuid-Holland by creating a 'sand engine'. The total value of the contract is 50 million for the Van Oord- Boskalis consortium, in which Boskalis has a 50% stake.
The project entails the creation of a sand engine. This involves depositing 21.5 million cubic meters of sand in the shape of a hook extending from the coast near Ter Heijde. The sand will be spread along the provincial coastline by the natural motion of wind, waves and currents. This principle of building with nature will reinforce the coastline in a new and natural way. The sand engine will therefore be able to contribute to coastal protection while at the same time creating more space for nature and recreation.
The contract is an Engineering & Construct contract, meaning that the further development of the design and realization is in the hands of the consortium. The project will commence early 2011 and is scheduled to take over a year. It will involve the deployment of several large trailing suction hopper dredgers.
Boskalis' strategy is designed to benefit from the key macroeconomic developments which fuel global demand in our selected markets: growth in global trade, increasing energy consumption, expanding population pressures and the challenges posed by climate change. This coastal protection project is prompted by expanding population pressures and climate change.
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. We provide 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. We offer a wide variety of marine services through SMIT and we have positions in 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 1,000 units and operates in over 65 countries across six continents. Including its share in partnerships, Boskalis has approximately 14,000 employees. Boskalis celebrates its 100th anniversary in 2010.
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
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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