Koninklijke Boskalis Westminster N.V. : Boskalis acquires EUR 80 million dredging contract in South Korea

   Koninklijke Boskalis Westminster N.V. : Boskalis acquires EUR 80 million
                       dredging contract in South Korea

Papendrecht, 5 August 2013

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by
Daewoo E&C for the dredging and reclamation of new land for Songdo
International City on the waterfront of Incheon, South Korea. The total value
of the contract amounts to approximately EUR 80 million.

The project consists of reclamation of new land which will be used for
residential and commercial developments in Songdo, Incheon. This will be
achieved through the hydraulic fill of around 23 million cubic meters of sand.
The sand will be sourced from the navigation channels approaching the existing
and new Ports of Incheon. A jumbo trailing suction hopper dredger will shortly
be deployed to South Korea to undertake the works, which are scheduled to be
completed by late 2014.

Boskalis' strategy is aimed at benefitting from key macro-economic factors
which drive worldwide demand in our markets: expansion of the global economy,
increase in energy consumption, global population growth and the challenges
that go hand in hand with climate change. This projects closely relates to
both the increasing global trade and global population growth.

Royal Boskalis Westminster N.V. is a leading global services provider
operating in the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round solutions to
infrastructural challenges in the maritime, coastal and delta regions of the
world with the construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition, Boskalis
offers a wide variety of marine services and contracting for the offshore
energy sector including subsea, heavy transport, lifting and installation
(through Boskalis Offshore and Dockwise) and towage and salvage (through

It also has a strategic partnership in terminal services (Smit Lamnalco). With
a versatile fleet of over 1,100 units Boskalis operates in around 75 countries
across six continents. Including its share in partnerships, Boskalis has more
than 11,000 employees.

This press release can also be found on our website www.boskalis.com.


Investor Relations:

Martijn L.D. Schuttevâer


T +31 78 6969310
F +31 78 6969020

PDF version of this press release


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Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE
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