Athens: The prime minister of Singapore Lee Hsien Loong has opened phase 3 and 4 of development of PSA’s Pasir Panjang container terminal at the city-state’s port.
Around S$3.5bn ($2.6bn) is to be invested in the next two stages of the terminal’s development, which will enable Singapore to handle 50m teu of containers annually by the end of 2017.
The terminal has been designed to accommodate the world’s biggest containerships, and has been built with 6-km-long quay length and draft of 18 metres at the berth.
The container yard will be fitted with a zero-emission, fully automated electric yard crane system, that PSA says will help “raise port productivity, enhance PSA’s ability to manage greater business complexity and create more higher skill-based career opportunities”.
“It is significant that today’s opening falls on the same day and month as the arrival of the first container vessel, the MV Nihon, in Singapore back in 1972. We are proud to be always alongside Singapore, playing a leading role in an industry which underpins our nation’s economic success. I would like to thank the government, our customers and business partners for their unstinting support over the years,” Fock Siew Wah, group chairman of PSA International, said today.
Photo: Singapore’s premier Lee Hsien Loong pictured with Fock Siew Wah, PSA International. [Lee Hsien Loong, Facebook]