Resorts World Awards S$1.05 Billion Contract

SINGAPORE, April 23 (Bernama) -- Resorts World at Sentosa announced today the award of its largest building contract to date worth S$1.05 billion to a joint venture between major Japanese contractor Kajima Overseas Asia (Pte) Ltd and local player Tiong Seng Contractors (Pte) Ltd.The award marked a milestone for the S$6 billion integrated resort slated for completion in early 2010 and tallied the total building contracts awarded so far to a value of over S$2 billion, the company said in a statement.

Kajima-Tiong Seng (KTS) which has a reputable building track record such as the recently completed St Regis Singapore hotel, would construct three of the six hotels in Sentosa and the resort's main shopping, eating and entertainment thoroughfare, it said.

The contract also included the construction of the 15,000-square metre casino which would feature exclusive gaming rooms, suites and lounges, Resorts World said.

The three hotels -- Festive Hotel (400 rooms), Hotel Michael (470 rooms) and Maxim Residences (130 suites) -- together offer some 1,000 suites and rooms, out of the 1,800 to be found throughout the Sentosa island resort, the company said.

The joint venture company would also build the dual purpose 1,600-seat showroom which doubles as a plenary hall in Festive Hotel, it added.-- BERNAMA

Source