This contract was awarded to the consortium by JTC Corporation through an open tender. The project is slated for completion in end 2020.
The addition of these pipelines will facilitate the transportation of crude oil between the Jurong Rock Caverns and its users.
Currently, Pipenet owns and operates an extensive pipeline corridor network which is strategically located on the island, with the majority stretch running along the Jurong Island Highway. The existing corridor connects the Merbau region to the Banyan and Tembusu regions on Jurong Island, and runs through the chemical cluster at the Sakra region.
Shares in Keppel Corp last traded at $6.61 on Monday.
