NewswireToday - /newswire/ -
Rueil-Malmaison, Hauts-de-Seine, France, 2014/01/22 - Singapore's industrial estate developer JTC Corp. has awarded to Banyan Caverns Storage Services Pte Ltd formed by Vopak Terminals Singapore, Geostock & JURONG Consultants the contract to operate & maintain phase one of the Jurong Rock Caverns project. CAC 40; Euronext 100
• Southeast Asia's first deep hydrocarbon storage facility;
• A S$200 million (€115 million) contract;
• Geostock's expertise in rock and salt cavern storage of hydrocarbons.
Singapore's industrial estate developer JTC Corporation has awarded to Banyan Caverns Storage Services Pte Ltd (BCSS) formed by Vopak Terminals Singapore (45%), Geostock, a subsidiary of VINCI subsidiary Entrepose Contracting (35%), and JURONG Consultants (20%) the contract to operate and maintain phase one of the Jurong Rock Caverns (JRC) project on Singapore's Jurong Island for a period of 15 years.
The contract covers operation of the first phase of the JRC project. The pioneering underground petroleum product storage facility consists of five deep excavated undersea rock caverns for which Geostock provided basic engineering design and construction management services.
The operator will be responsible for management and maintenance of the underground and surface facilities, notably the access shafts, underground tunnels, mechanical, electrical and instrumentation equipment including fire protection and ventilation systems, and ancillary facilities such as jetties.
VINCI (vinci.com) is a global player in concessions and construction, employing close to 194,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. In Belgium and the Netherlands, VINCI is operating through the following subsidiaries: CFE, VINCI Construction Grand Projets, Advitam, Soletanche Freyssinet, Eurovia, VINCI Energies, VINCI Concessions and VINCI Park.