Royal Boskalis Westminster nv has received a letter of intent from Abu Dhabi Port Company for the first construction phase of the new offshore Khalifa Port in Abu Dhabi.
Boskalis will execute the project in partnership with its subsidiary Archirodon and the Korean company Hyundai.
The contract is worth approximately €1.1 billion with the net share of Boskalis amounting to approximately €670 million. The project begins in October 2007 and will be completed in four and a half years.
The assignment includes dredging an entrance channel and a harbor basin the reclamation of a habor island and land for wharfs the construction of breakwaters and a causeway to the island including a bridge. A jetty and quay walls will be built for container handling and a new aluminum smelter. A total of 44 million cubic meters of material will be dredged.
Boskalis will use a number of large cutter suction dredges and backhoes and a medium-sized hopper dredge. This project provides Boskalis with a good baseload utilization of its jumbo cutter dredges for the next four years.
Khalifa Port will be a major harbor handling containers bulk goods and general freight.