Continental Engineering Corporation (CEC) last week announced the award of the “N-WH Project” Cross-Harbor Tunnel contract for the Ministry of National Defense.
Located within the existing Zuoying military port in Kaohsiung, Taiwan, the project scope includes a cut & cover cross-harbor tunnel, port revetment works, sand compaction piles, dredging, environmental control, and tunnel ventilation works.
“The new contract is particularly important in that it represents CEC’s first harbor/marine contract and part of our strategic plan to diversify our core civils business,” said CEC CEO Simon Buttery.
Buttery also added that this new contract, whose total value is $224 million, brings CEC’s backlog value to over $2.5 billion, a new record and equivalent to 4.4 times of the company’s consolidated revenue in 2021, sufficient to sustain CEC’s revenue growth for the next few years.
The project also offers a great opportunity for CEC’s civil engineering business to demonstrate high-quality service to an important new customer and develop experience in the harbor/marine engineering sector.