Singapores JTC has announced it will scrap the operational tender for its planned underground oil storage rock cavern, and re-issue it three years later.
JTC has decided to lapse the current JRC Operator Request-For-Proposal (RFP) because significant changes have to be made to the work scope of the RFP, which is due to the shift in the timelines of downstream projects on Jurong Island, a JTC spokesman tells Tank Storage magazine.
JTC has to allow the RFP to lapse and re-call it at a later stage to maintain transparency and fairness to all RFP participants. The new RFP is targeted to be called nearer the completion of the first two caverns. This could be by 2013.
In April, JTC awarded an S$890 million (449 million) tender to South Korea's Hyundai Engineering to construct the 9.5 million barrel storage facility on Singapore's Jurong Island.
