Bina Puri, CCCC Dredging Ink Kuantan Agreement

Bina Puri Holdings Bhd and China Communications Construction Dredging Group Co., Ltd. (CCCC Dredging) signed an agreement yesterday to form a consortium which will build the Kuantan Waterfront Resort City (KWRC).

The KWRC project, worth RM15 billion (around $3.6 billion), will be developed entirely on reclaimed land and is designed to be the capital city’s first integrated resort, leisure and entertainment destination.

Tan Sri Wong Foon Meng, the Bina Puri chairman, said that this consortium will see both companies holding a 50% stake each.

“Bina Puri will undertake the development of the waterfront while the reclamation work will be carried out by CCCC Dredging,” said the chairman.

“The project will be developed in four phases starting with the construction of two serviced apartment blocks and a waterfront food and beverages complex.”

Land reclamation operations are set to begin next year and should be completed within three years.

Following the reclamation works, the project would take up to 10 years to be finished.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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