Home News Infrastructure

Tuas Megaport set to 'rethink the future of shipping': PM Lee

Amala Balakrishner
Amala Balakrishner10/4/2019 01:22 AM GMT+08  • 3 min read
Tuas Megaport set to 'rethink the future of shipping': PM Lee
SINGAPORE (Oct 3): PSA’s new consolidated port in Tuas is set to “rethink the future of shipping,” says Prime Minister Lee Hsien Loong.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Oct 3): PSA’s new consolidated port in Tuas is set to “rethink the future of shipping,” says Prime Minister Lee Hsien Loong.

Speaking at an event on Thursday marking the groundbreaking of the future container terminal, Lee says the Tuas Megaport, which consolidates operations from PSA’s existing activities in Tanjong Pagar, Keppel, Brani and Pasir Panjang, will be “the world’s single largest container terminal”.

Costing over $20 billion, Tuas Megaport will be “around the size of two Ang Mo Kios,” Lee says. The consolidated port will allow PSA to double its capacity from the 36 million TEUs (20-foot equivalent units) it currently handles every year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now