PSA Inaugurates Multi-Billion Terminal in Singapore

Business & Finance

PSA Singapore Terminals’ (PSA) latest Pasir Panjang Terminal (PPT) Phases 3 and 4 development has been officially opened today by the Prime Minister of Singapore, Lee Hsien Loong.

The USD 2.61 project, with almost 6,000 metres of quay length and up to 18 metres draft, is specifically designed to serve the next generation of mega container ships.

When the expansion is fully operational by the end of 2017, Singapore would be able to handle a total of 50 million TEU of containers annually.

PPT Phases 3 and 4 feature class-leading infrastructure and the latest port innovations, such as a zero-emission, fully-automated electric yard crane system.

“We are proud to be always alongside Singapore, playing a leading role in an industry which underpins our nation’s economic success. I would like to thank the government, our customers and business partners for their unstinting support over the years. Our dedicated and closely-knit team of management, unions and staff, have been instrumental in making PSA what it is today. Now and into the future, we will continue to count on the trust and support of these vital partnerships, as we write the next chapters of the PSA Story together,” PSA International said.

Beyond PPT, PSA is working closely with the Singapore government on the development of the future Tuas Port, with a designed capacity of 65 million TEUs, which will incorporate more innovative automation systems, intelligent planning and control systems.