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Tuesday, January 17, 2012

WICET awards coal export terminal contract to Monadelphous JV

Tuesday, 17 Jan 2012

It is reported that the Monadelphous Muhibbah Marine JV has secured the contract for the construction of the approach jetty and ship berth associated with Wiggins Island Coal Export Terminal project at Gladstone in Queensland. The contract is valued at approximately USD 335 million.

Monadelphous Muhibbah Marine is a 50:50 joint venture between Monadelphous wholly owned subsidiary Monadelphous Engineering and Muhibbah Construction a wholly owned subsidiary of Malaysianbased marine contractor Muhibbah Engineering.

The contract covers the construction of offshore plant and infrastructure with a 1.8 kilometre approach jetty and transfer tower platform, wharf, wharf conveyor including the drive and take up tower, berthing and mooring dolphins, ship access platforms, jetty conveyor and transfer tower. The work which is part of stage one of the WICET project is scheduled to start immediately and be completed by the first quarter of the 2014 calendar year.

Muhibbah Engineering is an international marine and port construction company listed on the main board of the Kuala Lumpur Stock Exchange.

WICET is privately owned and funded by a group of Queensland coal exporters to build an export facility to assist in satisfying global demand for thermal and metallurgical coal. The new terminal will be at Golding Point to the west of the existing RG Tanna terminal in Gladstone. The terminal, operated by Gladstone Ports Corporation, will be built in stages to match forecast coal export demand.

Stage one has a contracted annual coal export capacity of 27 million tonnes. Once fully developed the terminal will have an annual capacity of more than 80 million tonnes.

(sourced from www.bulk-solids-handling.com)

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