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The development of Pasir Panjang Terminal’s Phase 3 and Phase 4 was launched Tuesday (23 June) as part of the Singapore government’s efforts to positioning the country as a leading port globally.
Singapore Prime Minister Lee Hsien Loong lead the launch of the S$3.5 billion expansion project which is slated to be fully operational by end-2017.
The new expansion, including the now-operating Terminal 5, will have 15 news berths that will increase Singapore’s handling capacity by more than 40 percent to 50 million Twenty-foot Equivalent Units (TEUs) yearly. The berths will also feature the latest port innovations, such as a zero-emission, fully-automated electric yard crane system.
Mr Lee also said the government has more plans for the terminal in the long-term.
“We have planned to consolidate all of PSA’s operations into one mega-terminal in Tuas,” said Mr Lee. “It will raise our capacity to 65 million TEUs, almost double what we moved through the port last year.”
He said the mega-port, which is a green-field site, will enable the government use advanced technology to fundamentally change the way the port is run using data analytics, autonomous vehicles and green technology to sharpen efficiency, reliability and show competitive edge.
Image: Prime Minister Lee Hsien Loong at the launch of Pasir Panjang Terminal’s Phases 3 and 4. (Photo by Terence Tan, MCI. Source: Prime Minister’s Office)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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