TankTerminals.com, 27 Apr 2009
Work on Singapore's underground oil storage rock caverns project, to be built on Jurong Island, is now scheduled to start at the end of this year.
The main construction award came about one and a half years after the tender was first called by Singapore's government agency JTC Corporation in late-2007.
Construction is finally set to start after JTC awarded a $594-million (S$890 million) 'design and build' contract to South Korea's Hyundai Engineering & Construction.
The first two Jurong Rock Caverns (JRC) providing 480,000 cubic metres (m³) of oil storage are expected to be ready in the first half of 2013, later than the originally planned 2010 start.
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