NCC receives order in Singapore for approx. 720 MSEK
NCC receives order in Singapore for approx. 720 MSEK NCC is partner in an international joint venture which has been awarded a contract, C825, for the extension of the Metro system in Singapore. The total value of the contract is approximately SEK 2 billion, of which NCC's portion is 720 MSEK. The Client is LTA, the Land Transport Authority of Singapore, a statutory board under the Ministry of Communications and Information Technology. The Joint Venture, of which NCC is the technical leader, comprises of Woh Hup Private Ltd, a well-established Singaporean construction company and Shanghai Tunnelling Engineering Company Ltd, a Chinese based company experienced in soft soil TBM excavation. "We are very pleased to have received this order," says Mr Göran Landgren, President of NCC International. "Singapore is one of our prioritized markets for project operations internationally and this type of project is totally in line with our strategy of specializing in underground works. NCC has been been present in Singapore since 1999 and this prestigous project is very important to our position in the region." C825 of the Marina rapid transit line, consists of two parallel, 1,5 km long bored tunnels, 700 metres of cut-and-cover tunnel and four underground stations. The line starts at the existing station Dhoby Ghaut station, runs under the wellknown Bras Basah Road and stops at the new Millenia station. The works will be executed close to a number of well known buildings such as the Singapore Art Museum, Raffles Hotel and Chijmes. The design phase of this Design and Build contract will start immediately, with project completion in 2005. Approximately 1 000 persons will be engaged in the project, the majority of which will be locally employed. The first line of the Metro System in Singapore was inaugurated in 1987. Thereafter the Metro has been continuously extended and today the system has a total length of 91 km and 62 stations. For further information, please contact: Göran Landgren, President NCC International, tel +46 70 589 9735 Gisela Lindstrand, Press Relation Manager NCC AB tel +46 8 585 52346 or +46 70 392 9500 All of NCC's press releases are available on www.ncc.se NCC is one of the leading construction and property development companies in the Nordic and Baltic Sea region. NCC has annual sales of approximately SEK 40 billion, with 25,000 employees. The NCC Group is divided into six business areas: Contracting, Housing, Property Development, Industry, Telecom and Service. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/07/20010807BIT00380/bit0002.doc http://www.waymaker.net/bitonline/2001/08/07/20010807BIT00380/bit0002.pdf