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-qualification stage, which opens on Thursday, will close on 21 January 2013.

JTC added that four participants who were shortlisted under the first stage have been invited to submit their proposals for evaluation in the second stage. These participants were evaluated based on criteria such as financial stability, experience, capability and track record.

JTC’s assistant chief executive officer David Tan said: “JRC will cater to the growing need for additional storage capacity for liquid hydrocarbons at Jurong Island.

“The project will help to optimise our land resource and ensure the competitiveness and sustainability of Singapore’s chemical industry in the long run.”

The Jurong Rock Caverns project is the first underground rock cavern for hydrocarbon storage in Singapore and Southeast Asia.

Located at a depth of 130 metres beneath Selat Banyan at Jurong Island, it is expected to provide infrastructural support to manufacturers on Jurong Island, and meet the storage needs for liquid hydrocarbons such as crude oil, condensate, naphtha and gas oil.

Source : Channel NewsAsia – 27 Dec 2012

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