PRZOOM - /newswire/ -
Rueil-Malmaison, Hauts-de-Seine, France, 2016/08/02 - A joint venture made up of VINCI Construction subsidiaries VINCI Construction Grands Projets and EMCC and the Belgian dredging company Jan de Nul has won the $147 million (about €130 million) contract to extend the port of Kingston, Jamaica - CMA-CGM.com. CAC 40; Euronext 100
• A $147 million (about €130 million) contract and a key project for expanding trade in the region;
• Renewed confidence on the part of CMA CGM eight years after the handover of its head office in Marseille;
• VINCI operating for the past 30 years in Jamaica.
A joint venture made up of VINCI Construction subsidiaries VINCI Construction Grands Projets and EMCC and the Belgian dredging company Jan de Nul has won the $147 million (about €130 million) contract to extend the port of Kingston, Jamaica. Leading worldwide shipping group CMA CGM, which has held the concession for the port of Kingston since 1 July 2016, selected the joint venture to carry out the project.
The contract covers, first and foremost, the refurbishment, reinforcement and upgrade to seismic standards of 1,200 metres of quays. The joint venture will also carry out dredging work in the access channel. The projects will be completed in 25 months. The operation will increase the alongside depth of the quays to enable them to handle container ships of larger capacity.
Coming a few days after the opening of the expanded Panama Canal, which accommodates the world's largest container ships, the contract to extend and refurbish the port of Kingston is a strategic move for the region. The port of Kingston is ideally located near the Panama Canal at the crossroads between the North/South and East/West sea lanes and will thus become one of the three main container terminals in the Caribbean.
This contract marks further cooperation between VINCI and CMA CGM. In 2008, VINCI handed over the high-rise building designed by architect Zaha Hadid in Marseille that now houses the head office of CMA CGM.
CMA CGM (cma-cgm.com) will have the benefit of VINCI's experience in Jamaica, where the VINCI Group has operated for nearly three decades and where VINCI Construction Grands Projets notably built several sewer and water treatment structures over the past 15 years.
VINCI (vinci.com) is a global player in concessions and construction, employing more than 185,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities.