Thursday, April 24, 2008

Kajima JV Wins $1.05b Sentosa IR Contract

Source : The Business Times, April 24, 2008

Job includes building of three hotels, casino, showroom

GENTING International's Resorts World at Sentosa (RWS) has awarded a $1.05 billion construction contract to a joint venture between Kajima Overseas Asia and Tiong Seng Contractors.

This takes total contracts awarded so far for the $6 billion integrated resort to more than $2 billion. And it is another big win for Kajima-Tiong Seng, which is also the principal contractor for the two commercial towers at Marina Bay Financial Centre.

At RWS, Kajima-Tiong Seng will construct three of the six hotels as well as the resort's thoroughfare, FestiveWalk.

The hotels are the 130-suite Maxims Residences, the 470-room Hotel Michael by architect Michael Graves and the 400-room Festive Hotel.

FestiveWalk is a half-km alfresco strip where the resort's main shopping, eating and entertainment outlets will be located.

Kajima-Tiong Seng will also build a 15,000 sq m casino in the basement of Maxims Residences and the dual-purpose 1,600-seat Le Vie Showroom, which doubles as the Plenary Hall, in Festive Hotel.

Michael Chin, executive vice-president of projects at RWS said: 'This contract covers some of the key components of the development, and we were looking for a contractor with the relevant experience and reputation for completing projects on time.'

With underground construction and superstructure works still going on, Mr Chin said the resort's buildings can be expected to start rising from the site soon.

'Construction is progressing steadily and we are on track for opening in early 2010,' he said.

Companies that have been awarded contracts at RWS so far include Sembawang Engineers and Constructors, Kingsmen Creatives, TBWA and China Jingye Construction Engineering Contract Company.

Earlier this month, RWS awarded a $340 million contract to Singapore-listed Low Keng Huat to build a 360-room Hard Rock Hotel at the resort.

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