Cape Lambert Port Expansion05/08/2008 |
| Royal Boskalis Westminster nv has been given a notice of award for a contract with Rio Tinto for the expansion of its iron ore port facility at Cape Lambert in Western Australia. The contract will be worth approximately EUR145 million and is due to be completed in the second half of 2010. |
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Global demand for maritime infrastructure continues to be strong. Specifically large scale projects such as Cape Lambert are driven by the strong demand for energy and natural resources.
Boskalis' fleet is well utilised through 2009, also taken the projects in Dubai in count. The margins on these new projects are healthy despite increases in operational cost items such as fuel and steel.
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