Koninklijke Boskalis Westminster N.V.: Boskalis to be awarded IJsseldelta Room for the River contract

Koninklijke Boskalis Westminster N.V.: Boskalis to be awarded IJsseldelta Room
                            for the River contract

Papendrecht, 22 July 2014

The Dutch Department of Public Works and the province of Overijssel have
announced that they intend to award the contract for the IJsseldelta polder to
Royal Boskalis Westminster N.V. (Boskalis). The project is part of the
national Room for the River program, which consists of more than 30 measures
aimed at providing better flood protection for areas close to the country's
rivers. The project will involve lowering the summer bed of the Lower IJssel
river along a length of 7.5 kilometers near the town of Kampen and creating a
bypass to the south of Kampen.

The work will be executed in conjunction with Van Hattum and Blankevoort in
the Isala Delta construction consortium. Initial preparations will take place
in the fall of 2014 with the project scheduled for completion by the end of
2019. The contract represents a value of around EUR 127 million of which
Boskalis' share is 50%.

Room for the River

In addition to this new contract Boskalis is already involved in several other
major hydraulic engineering projects in the context of the government's Room
for the River program. These include the Veessen-Wapenveld high-water channel,
the Lower Rhine project, the Deventer project, where a total of six secondary
channels of the IJssel river are being dug, and the Noordwaard project near
the town of Gorinchem.

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 largely driven by
climate change.

For further information

Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com

Press:
Arno Schikker
press@boskalis.com

T +31 78 6969310

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.

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Source: Koninklijke Boskalis Westminster N.V. via Globenewswire
HUG#1832737
 
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