Koninklijke Boskalis Westminster N.V.: Boskalis acquires EUR 130 million port dredging project in St Petersburg, Russia

Koninklijke Boskalis Westminster N.V.: Boskalis acquires EUR 130 million port
                  dredging project in St Petersburg, Russia

Papendrecht, 24 September 2013

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by CJSC
Baltstroy for the dredging and construction of the Bronka Port shipping
channel in St Petersburg, Russian Federation. The total value of the contract
amounts to approximately EUR 130 million.

The project involves the construction of a 6 kilometer long shipping channel,
turning basin and berth pockets for the new port facility 'Bronka' in St
Petersburg. A total volume of 16 million cubic meters of clay, silt and sand
will be dredged using a wide range of equipment including medium sized
trailing suction hopper dredgers, cutter suction dredgers and backhoe
dredgers. The project is due to commence in spring 2014 and is expected to be
completed late 2015.

Bronka is a new port facility currently being constructed to increase the
container throughput capacity in the St Petersburg region. This contract comes
in addition to the Bronka port land reclamation contract that was awarded to
Boskalis in June 2013, which is currently being executed.

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 project is driven by increasing
global trade.

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
SMIT). 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



Arno Schikker


T +31 78 6969310

F +31 78 6969020

PDF version of this press release


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.