Hyundai E&C holds a 29-percent stake in the Tuas Finger One project, while Samsung C&T and Penta Ocean control 28 percent each. Voskalis and Van Oord, both of the Netherlands, which specialize in reclaiming land from the sea, have a 7.5-percent stake each.
Under the contract awarded by Singapore’s state-run ITC Corp., they will reclaim 1.85 million square meters of land, which will be used as a site for new port facilities.
Completion is due for January 2019.