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Penta-Ocean Construction Co., Ltd.

Tokyo, Japan - July 11, 2025 - Penta-Ocean Construction Co., Ltd.(President: Takuzo Shimizu) is pleased to announce that we have been awarded the construction contract by the JTC Corporation to carry out land reclamation at Northern Tuas Basin (NTB) in Singapore. The contract value is SGD 299.5 million (Approx. JPY 33.5 billion). The construction period of the project is 5 years and is slated for completion in July 2030.

This project will add about 172 ha new land for industrial uses as part of ongoing plans to rejuvenate the older parts of Jurong and Tuas Industrial Estates, which were developed in the 1960s and 1970s. The NTB reclamation also provides land to support future infrastructure and road network connections to Tuas South and Tuas Port, to meet the projected increased traffic demand. We will carry out reclamation, dredging, drainage construction, and demolition of existing structures.

Over these decades, we have been involved in numerous large-scale land reclamation projects in Singapore. The company believes this latest award reflects the strong reputation and advanced technical capabilities it has cultivated through its extensive track record. Penta-Ocean Construction remains committed to leveraging its strengths to contribute to Singapore's continued development.