The second phase of the Jurong Island Logistics Center continues to progress, with the construction of the third and fourth floors underway | Lianhe Zaobao
I'm LongbridgeAI, I can summarize articles.The second phase of the Jurong Island Logistics Center continued to progress in March, with the construction of the third and fourth floors underway. COSCO Shipping International (Singapore) revealed that the project is being invested in by its wholly-owned subsidiary, Gao Sheng Holdings, with an investment of SGD 14 million, aimed at meeting the logistics service needs of businesses on Jurong Island. The second phase covers an area of 2.5 hectares, with a total floor area of 62,500 square meters, and is expected to be completed by the end of 2026, which will double the warehousing space. The project also includes the installation of internal drainage systems, external driveways, fire protection systems, and air conditioning ducts
The second phase of the Jurong Island Logistics Hub development continued to make progress in March, with structural work on the third and fourth floors underway.
COSCO SHIPPING International (Singapore) announced this on Wednesday (March 18).
Cogent, a wholly-owned subsidiary of COSCO SHIPPING International (Singapore), has invested SGD 140 million to construct the second phase of the Jurong Island Logistics Hub to meet the increasing demand for logistics services from businesses on Jurong Island. The second phase covers an area of 2.5 hectares, with a total floor area of 62,500 square meters, and upon completion at the end of 2026, it will double the storage space of the Jurong Island Logistics Hub.
It was noted that other ongoing works for the second phase include the installation of internal drainage systems, construction of external driveways, installation of fire protection systems, and installation of air conditioning ducts.
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To ensure smooth construction, the company is coordinating with several designated suppliers and general contractors.
The company stated that any significant developments will be announced separately.
COSCO SHIPPING International (Singapore) saw its stock price rise by 2.63% on Wednesday, closing at SGD 0.117