28 Dec '12, 12am

JTC tenders for Jurong Rock Caverns operator

JTC Corporation launched the second stage of its two-stage tender on Thursday to engage an operator for Jurong Rock Caverns (JRC), Singapore’s first underground hydrocarbon storage facility. JTC said in a statement that phase one of the project on Jurong Island, which comprises five caverns, will be completed in stages between 2013 and 2014. It aims to appoint an operator by mid-2013, which will be given a 15-year contract. In the second stage of the tender, qualified participants will have to submit proposals which will be evaluated based on individual merits, with an emphasis on the fee as well as technical, commercial and legal propositions. To ensure rigour in the selection process for a capable and qualified operator, JTC said the second stage will also include a pre-qualification stage for new interested participants who had missed the first stage. The pre-qualificat...

Full article: http://lushhomemedia.com/2012/12/28/jtc-tenders-for-juron...

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