FOR TUAS TERMINAL GATEWAY
Client
Maritime Port Authority of Singapore
Products & Services
•Financial Modelling & Pricing
•Cost Benefit Analysis
•Life-Cycle Cost Analysis
“A state-of-the-art port terminal gateway that is designed to serve one of the busiest international port in the World”
Description of Project
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Client
The client is a port authority established with the mission to develop the Nation as a premier global hub port and international maritime center, and to advance & safeguard the nation’s strategic maritime interest. It is responsible for the overall development and growth of the nation’s ports.
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Background
To further expand the handling capacity and complement current port operations, the client has begun to construct a new terminal – Tuas Terminal that is designed to be able to handle the world’s largest container vessels. Tuas Terminal Gateway (TTG) serves as the first stop from the port, houses various functional & statutory facilities such as customs, container freight stations and more.
Challenges & Expectations
Aspired to develop the Tuas Terminal as the state-of-the-art next generation terminal, the client wishes to conduct a study that helps to improve land productivity, enhance operational efficiency and add value to the surrounding developments. To achieve this, the client has engaged a multi-disciplinary consultant team to carry out a conceptual & preliminary engineering design with Cost Benefit Analysis, focuses on the TTG.
Our Role on the Project
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Scope of Services
As part of the multi-disciplinary consultant team, our role was to carry out a detailed cost estimation & Cost Benefit Analysis (CBA) for the TTG based on the conceptual & preliminary design.
Solutions / Outcomes Delivered
Leveraging on our experiences working on previous port project and benchmark on similar port developments, we have identified several operating model for the TTG, include the conventional model and tenant-centric model.
Working with the quantity surveyors & engineers, the team identified the capital expenditure & operating expenditure for TTG. With this information, the team had developed a 30 years full-fledged financial model that simulate the project’s financial. This helped to quantify the economic costs & benefits in monetary terms for calculation of project returns.
Pricing for the services is the single most important area to ensure the financial viability of the project. To this extent, we have conducted extensive sensitivity analysis to test the fluctuation of project returns against selected parameters.
