SINGAPORE - Expansion plans for the Pasir Panjang container port are being accelerated to cater for growth at the Singapore port.
Phases 3 and 4 will be fully operational by the end of 2017, two years ahead of the original plan, Transport Minister Lui Tuck Yew said during the debate on his ministry's budget.
Last year, the port recorded a 4 per cent increase in container throughput to 33.9 million twenty-foot equivalent container units.
And growth is expected to continue in tandem with regional demand, Mr Lui said.
The Pasir Panjang expansion will add new handling capacity of 15 million container units per annum, increasing total capacity by more than 40 per cent to 50 million container units.
Apart from infrastructure works, the maritime sector is getting a $65-million boost to attract, develop and retain talent to grow Singapore as a global hub port and international maritime centre.
The money will go into the Maritime Cluster Fund for Manpower Development. This brings the total amount put into the kitty since 2007 to $115 million.
Another $6 million will be spent over the next five years by the Maritime and Port Authority of Singapore (MPA) under an existing scholarship programme to support more students who aspire to become captains and chief engineers.