PSA investment supports local economy
PSAs S$5bn ($3.3bn) decade-long investment in Singapores Pasir Panjang Terminal will take the operators 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.
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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