Who benefits from the Next Generation Port at Tuas

SINGAPORE (March 31): If everything goes according to plan, the first phase of the Next Generation Port at Tuas will be completed in 2021. And, by 2040, all of PSA Singapore’s port activities are expected to be consolidated at this new facility.

This could create a secular tailwind for a handful of locally listed real estate investment trusts. The megaport at Tuas is the centrepiece of Singapore’s effort to strengthen its position as an international maritime hub. With the capacity to handle some 65 million twenty-foot equivalent units (TEUs) a year, it will be the single largest container terminal in the world.

It will also have the ability to handle the largest container vessels of the future, and be equipped with automated cranes and vehicles as well as other technologies that are expected to make it highly efficient.

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