[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
23.12.2019
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Hayır (No)
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Announcement Content
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Explanations
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Our indirect subsidiary, Global Ports Holding, has informed us that SATS – Creuers Cruise Services PTE LTD, in which it is a joint venture partner, plans to invest approximately SGD 40 million (approximately USD 30 million) in the Marina Bay Cruise Centre Singapore, operated by SATS – Creuers. The investment aims to increase terminal capacity and improve passenger experience. In view of the significant investment, SATS- Creuers operating agreement of the Marina Bay Cruise Centre has been extended for eight years, with the option to extend for another two years. The extension will potentially run from May 2027 till March 2037.
The planned investment will include the development of the terminal building, the creation of new check-in areas, modernization of passenger service facilities, and the expansion of transportation infrastructure. As a result of this investment, the terminal's passenger capacity is anticipated to be increased from the current 6,800 to 11,700. The port will continue to accommodate passengers and vessels during the 9-month renovation period.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
Respectfully announced to the public.