Singapore's Marina Bay Sands awards resort complex contract to Punj Lloyd Group
14 Feb 2008
Sembawang Engineers & Constructors Pts Ltd Engineering, wholly-owned subsidiary of procurement and construction specialist Punj Lloyd Group has been awarded a $S400 million (Rs1,119.2 crore) contract by Marina Bay Sands Pte Ltd to construct and build the North Podium of Marina Bay Sands integrated resort comprising the casino, theatres and retail arcade in Singapore.
Fronting Marina Bay, the S$5-billion Marina Bay Sands integrated resort stands out with its striking architectural features. The resort has been developed by the Las Vegas Sands Corporation that also built and owns 'The Venetian' in Las Vegas and Macau.
Upon opening in late 2009, the Marina Say Sands will also feature hotel rooms housed in three soaring towers with a sky park connecting the towers and offering fantastic views of the bay and the financial district. There will also be an International class casino, MICE facilities, acclaimed restaurants, and an Art Science Museum.
"The Marine Bay Sands will play a vital role in elevating Singapore's status in the world as an economic and leisure power house," said Alwyn Bowden, president and CEO, Sembawang E&C.
The project is to build the substructure and superstructure of this mega resort, which will have four upper levels and a four-storey basement. Sembawang is well placed to handle this project as it is also constructing the new Downtown Line Bayfront MRT station in Marina Bay, which will connect directly to the resort's MICE (Meetings, Incentives, Conventions and Exhibitions) centre.
"With immense opportunities in the engineering, procurement and construction (EPC) space and a healthy order book we look forward to achieving higher success with the help of our group companies in the near future," said Atul Punj, chairman, Punj Lloyd Group.
Work on this landmark project will start in February 2008 and is expected to be completed by April 2009.With this, the order backlog for the Punj Lloyd Group on a consolidated basis has gone up to Rs 17132 crore. This is the total value of unexecuted orders as of December 31, 2007 and new orders received till date.
