Boskalis Wins LNG Import Terminal Phase 2 Project in Mexico

Royal Boskalis Westminster N.V. has been awarded the second phase of the construction of the LNG import terminal of Cuyutlán on the west coast of Mexico. The total contract value is approximately € 90 million with Boskalis’ share amounting approximately € 45 million. The contract was awarded by Secretaría de Comunicaciones Y Transportes (Ministry of Communications and Transport). Work is set to commence mid 2010 and is expected to be completed mid 2011.

Boskalis was awarded the first phase of the Cuyutlán project last year. This second and final phase of the dredging work requires further dredging in the lagoon. The work scope includes the deepening of the basin, construction of an access channel and creating a turning basin. A total of approximately 13 million cubic meters of sand and clay will be dredged and the project will be executed with a medium and large sized hopper and three cutter suction dredgers. Boskalis has a strong home market position in Mexico and the majority of Boskalis’ work will be executed by own local employees.

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 port expansion project is driven by a need to cater for larger vessels and future trade volumes. This LNG project reinforces the requirement for infrastructure to accommodate the strong demand for energy resources.

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.

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Source: Boskalis, July 5, 2010