Surbana jurong grows through acquisitions, partnerships – gas finder rochester ny


On May 24, Surbana Jurong announced a collaboration with Credit Guarantee & Investment Facility aimed at increasing the use of local currency-denominated bonds to finance greenfield infrastructure projects in Southeast Asia. CGIF was established in 2010 to ­develop an Asean local-currency bond market. Its members are the 10 Asean countries, China, Japan and Korea (Asean+3), as well as the Asian Development Bank. CGIF exists as a trust fund of ADB and operates independently out of ADB’s headquarters in Manila.

The collaboration between CGIF and Surbana Jurong aims to deliver the assurance needed by institutional investors to make investments in greenfield project bonds. electricity and magnetism equations CGIF’s role will be as a guarantor via its Construction Period Guarantee, while Surbana Jurong will lend its expertise in examining and validating construction-related risks on these projects.

Assurance on project completion and availability of risk assessment will give long-term investors the peace of mind to invest in greenfield project bonds. “By joining forces with CGIF, we are able to offer guarantees on local-currency bonds issued by our clients, that is, those undertaking the construction of these infrastructure projects,” says Wong. “Local-currency bonds help mitigate the foreign-exchange exposure of any project.”

In March, Surbana International Consultants (Myanmar) signed a memorandum of understanding with Myanmar Construction Entrepreneurs Association to act as lead technical consultant for low-cost and affordable housing projects in Myanmar. The MOU comes at a crucial time as the association is working with the Myanmar government to meet its five-year plan of building one million residential units by 2030.

Surbana Jurong is involved in the master plan of the Ayeyarwun-Yadana housing project in the Dagon Seikkan Township in Myanmar. The project will be built on 220 acres of land and will yield an estimated total of 20,000 two-bedroom apartments. Future homeowners in Myanmar can look forward to a living space designed to cultivate strong community bonds and preserve the natural environment. electricity measurements units A range of community-focused spaces such as courtyards and lobbies will be integrated into the estates to encourage interaction. Landscaped pathways that link residents to amenities will also be a key feature of the estates.

The prototype of affordable housing in Myanmar is modelled after HDB’s designs for public housing estates in Singapore. These designs have also been adapted for the master plan of townships in other countries, such as the 11,800-unit Bandar Cassia in Penang, Malaysia, and the 9,600-unit The Botanica township in Chengdu, China. The Botanica township is well-served by transport links and facilities such as a shopping mall, shops, kindergartens, a primary school, clubhouses and parks.

Surbana Jurong can trace its lineage to Surbana International Consultants, HDB’s building and development division created in 1960. It was then hived off from HDB and corporatised in 2003. 4 gases in the atmosphere It became known as HDB Corp and ventured overseas to lend Singapore’s urbanisation expertise to other countries, such as China, in 2003. The company was acquired by Singapore’s state investment vehicle Temasek Holdings in 2004 and renamed Surbana Corp in 2005.

Meanwhile, Jurong International Holdings started out as the technical services group of Jurong Town Corp (now known as JTC Corp), a government agency in charge of developing and managing Singapore’s industrial estates. Also set up in the 1960s, Jurong International Holdings was corporatised in 2001. It became Singapore’s leading international consultancy for master-planning and providing infrastructure engineering services to industrial developments around the globe.

“Both companies have long, successful track records in Singapore’s urbanisation, industrial and infrastructure programmes over 50 years of national development history,” Liew Mun Leong, chairman of Surbana Jurong, had commented during the merger two years ago. Liew was the founding president and group CEO of CapitaLand Group from 1996 to 2012, before assuming his current position as chairman of Changi Airport Group and Surbana Jurong.

Since the merger, Surbana Jurong has grown from a global staff strength of 3,200 with an annual turnover of S$400 million (RM1.2 billion) to 13,000 people and turnover of S$1.3 billion a year. 3 gases The merged company is able to harness the complementary capabilities, skill sets and project experience to pursue urbanisation, industrial infrastructure developments and smart city initiatives across the world. “Over just the past two years, we have evolved into a completely different animal,” says Wong, who joined Surbana after leaving CapitaLand, where he was CEO of CapitaLand Singapore (Residential).

One of SMEC’s significant projects is the Ipswich Motorway, a major freight transport link supplying goods to the city of Brisbane and access to the Port of Brisbane, Australia. SMEC is involved in the upgrade of Ipswich Motorway from a major four-lane highway to a six-lane motorway with the capacity to further increase to eight lanes in the future. The firm is also involved in the first stage of Sydney Metro (formerly known as the North West Rail Link), Australia’s largest public transport project.

Surbana Jurong has also been commissioned by Turkey-based leading petrochemical company Petkim Petrochemical Holdings to design the master plan for the development of the latter’s site in Aliaga, Turkey. The project will be modelled after Jurong Island, and Surbana Jurong will provide integrated clustering and conceptual infrastructure review studies for Phase 1 of the development.

Last October, Surbana Jurong acquired a 100% stake in security firm Aetos Holdings, one of three licensed auxillary police organisations in Singapore. Aetos, a former unit of Temasek Holdings, was purchased for an undisclosed sum. electricity symbols ks2 worksheet The acquisition will give Surbana Jurong the capacity to conduct audit and risk assessments of building designs and offer security solutions as part of its portfolio of services to clients. “Many of our clients are concerned about security,” says Wong. “So we, can incorporate it in many of our projects.”

For instance, Surbana Jurong was the master planner for the new capital city of Amaravati in Andhra Pradesh, India, which will be designed as “a world-class smart city”. The group also master-planned Pulau Muara Besar, a 955ha island in Brunei Bay that will be transformed into a contemporary port with advanced industrial facilities. Surbana Jurong is also involved in the master plan for the Trincomalee port in Sri Lanka.

A state-owned enterprise with a 25-year track record in infrastructure design and construction, China Highway is also one of only a few state-level highway service providers with projects in China and overseas. It is owned by CCCC, a state-owned transportation infrastructure group listed in Hong Kong and Shanghai. China Highway’s projects include roads, bridges, tunnels and buildings.

The JV company will leverage China Highway’s experience in transportation infrastructure and Surbana Jurong’s expertise in overseas planning and project management to pursue highway and infrastructure-related projects globally as well as to undertake projects under the Belt and Road initiative, says Surbana Jurong’s Wong. electricity physics formulas The company aims to capture a bigger slice of the infrastructure spending pie. Currently, it has more than 100 engineers in its Beijing office and the number will be gradually expanded.

It is also building a “poultry hub” that can be leased to multiple tenants handling different aspects — from rearing chicken to slaughtering, deboning, cutting and packaging. “We offer vertical solutions to manufacturing processes,” says Wong. “That’s our skill set. Vertical farming solutions are critical in Singapore, given its scarcity of land.”

Surbana Jurong is also cleaning up one of the lakes in China famous for harvesting hairy crabs. And when the lake is cleaned up, “the hairy crabs will be larger and fetch higher prices”, says Wong. “It’s exciting because there is no other Asian company that is equivalent to us in terms of diversity of skill set [and] geographical footprint.”