Press release

Papendrecht, 21 May 2010 Royal Boskalis Westminster N.V. has been awarded a contract for the construction of a new LNG (liquefied natural gas) port at Swinoujscie near Szcecin, Poland. The total contract value is approximately € 170 million with Boskalis' share amounting approximately € 75 million. The contract was awarded by the Maritime Office of Poland and Boskalis will act as the lead contractor in a consortium including Hochtief Construction A.G. (Germany), Per Aarsleff A/S (Denmark) and Doraco  (Poland). Work is set to commence mid 2010 and is due to be completed by the end of 2012.

To allow the port to accommodate large vessels, Boskalis will create a turning basin and deepen the access channel. A total of more than 8 million cubic meters of sand will be dredged. Furthermore, Boskalis will construct a 3.3 kilometer breakwater to protect the port. The project will be executed with a combination of small to large sized trailer suction hopper dredgers, floating cranes and dry earth moving equipment.

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.

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               
E-mail:                   m.l.schuttevaer@boskalis.nl

This press release can also be found on our website www.boskalis.com

 

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