Russia: Boskalis Signs Contract for St Petersburg Port Project

June 20, 2013

Royal Boskalis Westminster N.V. announces the contract award for the construction of the Bronka Port in St Petersburg.

The contract was signed at the St Petersburg International Economic Forum in attendance of the Russian Deputy Prime Minister Mr. Arkady Dvorkovich and the Prime Minister of the Netherlands Mr. Mark Rutte.

The project involves the reclamation of land for the construction of the new port facility ‘Bronka’ in St Petersburg. A total volume of up to 3 million cubic meters sand will be dredged and reclaimed using trailer suction hopper dredgers to create approximately 85 hectares of new terminal area. The contract value is approximately EUR 25 million and the project is expected to be completed in 2013.

Boskalis’ strategy is aimed at benefitting from key macro-economic factors which drive worldwide demand in our markets: expansion of the global economy, increase in energy consumption, global population growth and the challenges that go hand in hand with climate change. This project is driven by increasing global trade.

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Press Release, June 20, 2013