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All container port activities to be consolidated at Tuas in future

Posted by Property Launch Invest on Thursday, 04 September 2014 in Property News

Singapore will work towards consolidating all container port activities at Tuas over the long term as recommended by Singapore’s Economic Strategies Committee.

The first set of berths at the new Tuas Port is expected to be operational in about ten years’ time.

Speaking at the launch of Pasir Panjang Terminal Phases 3 and 4 by PSA Singapore, Transport Minister Lui Tuck Yew said the development of Tuas Port will free up prime land, which the city terminals at Tanjong Pagar, Keppel and Pulau Brani are currently occupying, for future redevelopment.

The port leases for the city terminals at Tanjong Pagar, Keppel and Pulau Brani will expire in 2027.

Consolidation of port activities at Tuas will improve capacity to meet longer term demands, achieve greater efficiency and economies of scale.

It will also reduce the need for containers to be moved by trucks between existing terminals.

There are currently five container terminals – Brani, Keppel, Tanjong Pagar, Pasir Panjang Terminal 1 and Pasir Panjang Terminal 2.

Mr Lui said: “Tuas provides a suitable location because of its sheltered deep waters and proximity to both our major industrial areas and international shipping routes. We will plan for Tuas Port to be able to handle up to 65 million twenty-foot equivalent units (TEUs) per annum.”

Meanwhile, PSA will spend S$3.5 billion to bring in class-leading infrastructure and latest port technology to develop Phases 3 and 4 of its Pasir Panjang Terminal.

Phase 3 is expected to be operational in 2014.

When fully completed with 15 berths by 2020, the development will increase the total port capacity by 50 per cent to 50 million TEUs.

Source: Channel NewsAsia

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PROPERTY LAUNCHES & INVESTMENTS

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All container port activities to be consolidated at Tuas in future

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