TIPC Awards Contract for New Terminal
- Business & Finance
Taiwan International Ports Corporation (TIPC) is continuing the growth and expansion trend with another major construction contract being awarded last month.
In April, TIPC awarded $130 million contract for the land reclamation and reinforcement works at Kaohsiung’s Wharves S4 and S5, coming one step closer to the goal of becoming a major container hub in the region.
The contract, part of the company’s Intercontinental Container Terminal Phase 2 project, is the third large bid award to date for work on this major infrastructure project following previous awards for seawall, breakwater and for shoreline reinforcement.
Construction works on the new state-of-the-art 18m deep container terminal are expected to begin later this month. The new 1,185m-long wharf will be built entirely on reclaimed land.
Once finished, this highly efficient, low-operating-cost container terminal is expected to attract at least $500 million worth of new investments in new facilities and equipment.