The new $20 billion terminal, to be operational in phases from 2021 to 2040 and featuring technologies such as 5G, will double Singapore’s current port handling capacity of 36 million TEUs (twenty-foot equivalent units) a year. “Officially, Tuas is designed to handle 65 million TEUs, but I am sure PSA can squeeze a little more out of it,” said Prime Minister Lee Hsien Loong on Oct 3, when he officiated at the ground-breaking ceremony of Tuas Port.
Infrastructure is the key to economic growth in Asia. Singapore, with its track record, wants to lead the way as a financing and facilitating hub for the sector.
SINGAPORE (Oct 25): Singapore’s container port, one of the busiest in the region, is all set to have a new and bigger home in Tuas. Its existing terminals at Tanjong Pagar, Keppel, Brani and Pasir Panjang are being gradually relocated to the new mega port, freeing up land for new projects such as the Great Southern Waterfront.
