JTC to launch 2-stage tender for Jurong Rock Caverns
Posted: 13 December 2011 1705 hrs
SINGAPORE : JTC Corporation is launching a two-stage tender this Friday to engage an operator for Jurong Rock Caverns, Singapore's first underground hydrocarbon storage facility.
The tender is for an operator to manage and operate the first phase of the Caverns.
Located at Jurong Island, Phase One of the Caverns will be completed in stages between 2013 and 2014. The operatorship contract is scheduled to commence in 2013, and will be for a period of 15 years.
Shortlisted participants from the first stage will be invited to submit their business proposals within two months.
Chief executive officer of JTC, Manohar Khiatani, said the two-stage request for proposal is to ensure rigour in the selection process so that a capable and qualified operator is engaged to operate and manage the Caverns.
He said the target was to get an operator on board by the second half of next year.
The Caverns project is the first underground rock cavern for hydrocarbon storage in Singapore and Southeast Asia.
Located at a depth of 130 metres beneath Selat Banyan at Jurong Island, it is expected to provide infrastructural support to manufacturers on Jurong Island, and meet the storage needs for liquid hydrocarbons such as crude oil, condensate, naphtha and gas oil.
Applications must be submitted by January 13 next year.
- CNA/ms
- wong chee tat :)
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