The project is slated to complete by 2020 and will be operated by Pipenet for 15 years, with JTC having the option to extend for another 15 years.
SINGAPORE (Jan 14): Pipenet, a wholly-owned subsidiary of Keppel Infrastructure Holdings, has secured a $40 million contract from JTC Corporation to design, build and operate pipe racks on Jurong Island.
Under the terms of the contract, Pipenet will construct pipe racks along parts of Banyan Drive, Banyan Avenue and the Jurong Island Highway that will facilitate pipeline connection to the Jurong Rock Caverns.
