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Singapore to Spend S$3.5 Billion to Expand Pasir Panjang Port

Oct. 1 (Bloomberg) -- PSA Singapore Terminals, the country’s container-port operator, plans to invest S$3.5 billion ($2.9 billion) to develop Phases 3 and 4 of its Pasir Panjang terminal, it said in an e-mailed statement today.

The planned work will include building 15 new berths, an automated container yard and unmanned, rail-mounted gantry cranes, PSA Singapore Terminals said in the statement.

When completed by 2020, the project will boost Singapore’s total container handling capacity to 50 million 20-foot equivalent units a year, it said.

The port has handled 20.88 million TEUs through August, according to the PSA Singapore Terminal website.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

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