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PSA investment supports local economy
04 Oct 2007
PSA’s S$5bn ($3.3bn) decade-long investment in Singapore’s Pasir Panjang Terminal will take the operator’s total handling capacity to 35m teu when completed in 2009 and supports some 6,000 jobs locally, according to Kuah Boon Wee, PSA chief executive Southeast Asia and Singapore Terminals.
Pasir Panjang Terminal will feature 26 berths by 2009
Speaking at a signing ceremony for the award of a S$400m ($265.8m) contract for Zhenhua Port Machinery Company super post-panamax cranes, Mr Kuah added that in the first eight months of the year PSA Singapore Terminals had seen a 13.7% increase in volumes to reach 17.8m teu.
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