Bouygues Construction wins two contracts in Singapore worth 210 million euros

08/25/2008 | Release

Bouygues Construction wins two contracts in Singapore worth 210 million euros

Bouygues Construction subsidiary Bouygues Bâtiment International has won two major contracts in Singapore. Worth a combined total of more than 210 million euros, the contracts cover construction of a residential complex and a five-star hotel.

Awarded by a subsidiary of ChoiceHomes Investments Pte Ltd, the residential complex located in Toa Payoh will comprise three 39-storey towers with a total of 571 housing units. The three towers will be built on a podium and two basement levels. Worth more than 102 million euros, the works have commenced and will run for just over three years (38 months). At its peak, the project will employ a workforce of up to 450 people.

Awarded by City Developments Limited, the hotel contract (Hotel@Quayside) covers the design and construction of a 250-room, five-star hotel. The seven-storey hotel is part of the Quayside development which includes the Quayside Collection apartments and marina entrusted to Bouygues Bâtiment International in November 2007. The hotel, located on Sentosa Island, will be close to the Quayside Condominium. The works, worth over 108 million euros, will take two-and-a-half years and involve 500 people at peak periods.

Bouygues Construction has been present in Singapore since the early 1990s through its local subsidiary Dragages Singapore. The group has built a large number of projects there, including the Pontiac Marina development, several residential and hotel complexes, and has just delivered the Sail@Marina Bay towers.

South-East Asia has traditionally been a buoyant region for Bouygues Construction. The group has operations in Vietnam, Thailand, Singapore, South Korea, Hong Kong and Macau. Bouygues Construction generated 12% of its sales outside France in 2007.

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