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BRIEF-Boskalis Acquires 325 Million Euros Land Reclamation Project In Philippines

Published 12/06/2019, 04:25 PM
Updated 12/06/2019, 04:32 PM
BRIEF-Boskalis Acquires 325 Million Euros Land Reclamation Project In Philippines

Dec 6 (Reuters) - Koninklijke Boskalis Westminster NV
BOSN.AS :
* REG-BOSKALIS ACQUIRES EUR 325 MILLION LAND RECLAMATION
PROJECT
IN MANILA BAY, PHILIPPINES
* THE PROJECT HAS AN ESTIMATED VALUE OF APPROXIMATELY USD
720
MILLION (EUR 650 MILLION) OF WHICH BOSKALIS' SHARE AMOUNTS TO
APPROXIMATELY EUR 325 MILLION
* PREPARATORY WORK IS SCHEDULED TO COMMENCE IMMEDIATELY AND
WORK
ON SITE IS EXPECTED TO START WITHIN Q1 OF 2020
* THE DEVELOPMENT WILL CREATE A NEW COMMERCIAL AND
RESIDENTIAL
AREA IN A DENSELY POPULATED PART OF MANILA
* RECLAMATION ACTIVITIES ARE EXPECTED TO BE COMPLETED WITHIN
THREE
YEARS AND TOTAL PROJECT DURATION INCLUDING LAND DEVELOPMENT IS
FIVE YEARS.

Source text for Eikon: ID:nGNE1FT4Sb
Further company coverage: BOSN.AS

(Gdansk Newsroom)

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