The contract, which is worth US$174.5 million (approx. S$245 million) to provide EPC works, is signed with ATT Tanjung Bin Sdn Bhd (“ATB”). The EPC works are expected to be completed by March 2012.
ATB is 100% owned by Asia Tank Terminal Limited (“ATTL”), a joint venture company between Vitol Tank Terminals International B.V. (part of the Vitol Group) and MISC Berhad (maritime transportation and logistics provider). ATB will undertake the design, construction and operation of the oil terminal.