19 August 2013 03:42 [Source: ICIS news]
SINGAPORE (ICIS)--Singapore is set to move its port from a central to western region to free up prime land, Prime Minister Lee Hsien Loong said in a national address late on Sunday.
The current port in Tanjong Pagar, one of the world’s busiest hub for container shipping, will move to Tuas from 2027.
Mr Lee said the move will free up land in Tanjong Pagar for the development of a new waterfront city.
Singapore handled 31.26 million TEUs (20ft equivalent units) of containers in 2012, according to PSA Singapore Terminals.
According to the Maritime Port Authority, Singapore is well-connected to more than 600 ports in over 120 countries.
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