Bouygues Offshore to Build EUR 75 Million Container Terminal in the Dominican Republic.Business Editors MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--May 16, 2002 Bouygues Offshore (NYSE NYSE See: New York Stock Exchange :BWG BWG Bankwesengesetz (Federal Law on Banking, Austria) BWG Beam Waveguide (antenna) BWG Bundesamt für Wasser und Geologie (Federal Office for Water and Geology, Switzerland) )(PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. :BOS.PA) and Bouygues Travaux Publics (a Bouygues Construction subsidiary) have signed a turnkey contract with Caucedo Investments Inc. to build a container terminal A container terminal is a facility where cargo containers are transhipped between different transport vehicles, for onward transportation. The transhipment may be between ships and land vehicles, for example trains or trucks, in which case the terminal is described as a in the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. . Located about 30km from Santo Domingo Santo Domingo, pueblo, United States Santo Domingo (sän'tə dəmĭng`gō), pueblo (1990 pop. 2,866), Sandoval co., N central N.Mex., on the Rio Grande; founded c.1700 after earlier pueblos were destroyed by floods. , in the southwest region of the island, the facility will provide a depth of up to 15m to receive post-Panamax vessels. This turnkey contract is valued at approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 150 million (Bouygues Offshore's share: EUR 75 million). The project scope of work includes Engineering, Procurement, Construction and Installation of: -- A 630m berth (250m at a depth of 13.5m and 380m at a depth of 15m) requiring a basin of more than 1,800,000 m3 -- A 700m protection breakwater -- Traffic lanes and a 560,000m2 platform for storing containers -- Offices (5,000m2), warehouse (6,500m2) and electrical equipment buildings -- Port access roads (2,200m long and 22m width) The terminal scheduled for the end of 2003. Commenting on this project, Herve Le Bouc, Chairman of Bouygues Offshore, stated: "This new contract confirms Bouygues Offshore's positioning in the Caribbean, and our ability to design, build and manage large turnkey port facility projects." Caucedo Investments Inc. is a joint venture company that includes container terminal operator CSX CSX Chessie Seaboard Multiplier (railroad transportation company) CSX Cayman Islands Stock Exchange CSX Changsha, China (Airport Code) CSX Cardiac-Specific Homeobox CSX Seaboard Coastline Railroad World Terminals and a group of Dominican Investors, Caucedo Development Corporation. The project is part of a development that will comprise not only the container terminal but also a distribution and logistics center for the Caribbean Basin, with CSX World Terminals to manage the container terminal and Caucedo Development Corporation to manage the distribution and logistics center. Further information on the company can be found online at www.csxworldterminals.com. From design engineering to start-up and maintenance, Bouygues Offshore provides its customers with turnkey projects in offshore-onshore oil and gas contracting, liquefied gases, maritime and river works and chemicals-refining/energy-industry. Driven by a strong commitment to the energy industry, an on-the-spot presence and a team of talented professionals, we deliver integrated solutions that are safe, innovative and promote the success of our clients and our Company. Further information on the company can be found online at www.bouygues-offshore.com. |
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