Lanka’s Access Engineering awarded contract in Papua New Guinea port project

Access Engineering PLC was successful in being awarded the contract for environmental monitoring and related work for the Port Lae Tidal Basin Phase I development project in Papua New Guinea.

The main contractor for this ADB funded US$ 275 million project is M/s. China Harbour Engineering Company Ltd and construction work has already commenced in this respect.

The Project includes the construction of a Tidal Basin (700 m long and 400 m wide) with a dredged depth of 13 m below chart datum, a multipurpose berth (240 m long and 45–50 m wide), and terminal works including all buildings; storage area; roads; and drainage, water, electrical, and sewerage services. The tidal basin and berth are designed to accommodate vessels with an overall length of 200 m, beam of 32.2 m, and fully laden draft of 12 m. Flexibility is built in for extending the berth by another 150 m without incurring dredging cost.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=84386

Any idea of the value of the project which will be handed over to AEL?
I believe US$ 275 million is for the total project of the main contractor, isn't it...

what about the potential of AEL? how about their long term potential?

ccsentha wrote:what about the potential of AEL? how about their long term potential?

http://accessengsl.com/projects/

sriranga wrote:

ccsentha wrote:what about the potential of AEL? how about their long term potential?

http://accessengsl.com/projects/

Mate i was just looking for the opinion of the members regarding AEL's potential.

ccsentha wrote:

sriranga wrote:

ccsentha wrote:what about the potential of AEL? how about their long term potential?

http://accessengsl.com/projects/

Mate i was just looking for the opinion of the members regarding AEL's potential.

May be I didn't understand your questions?

Not the future projects, but as a company the growth potential of AEL....

ccsentha wrote:Not the future projects, but as a company the growth potential of AEL....

Without taking into consideration of future projects how can someone could determine the groth potential?

Redbulls wrote:

ccsentha wrote:Not the future projects, but as a company the growth potential of AEL....

Without taking into consideration of future projects how can someone could determine the groth potential?

future project do need to be put into the calculations

ccsentha wrote:

Redbulls wrote:

ccsentha wrote:Not the future projects, but as a company the growth potential of AEL....

Without taking into consideration of future projects how can someone could determine the groth potential?

future project do need to be put into the calculations

Couldn't get your point.

[quote="Redbulls"]Access Engineering PLC was successful in being awarded the contract for environmental monitoring and related work for the Port Lae Tidal Basin Phase I development project in Papua New Guinea.

The main contractor for this ADB funded US$ 275 million project is M/s. China Harbour Engineering Company Ltd and construction work has already commenced in this respect.

The Project includes the construction of a Tidal Basin (700 m long and 400 m wide) with a dredged depth of 13 m below chart datum, a multipurpose berth (240 m long and 45–50 m wide), and terminal works including all buildings; storage area; roads; and drainage, water, electrical, and sewerage services. The tidal basin and berth are designed to accommodate vessels with an overall length of 200 m, beam of 32.2 m, and fully laden draft of 12 m. Flexibility is built in for extending the berth by another 150 m without incurring dredging cost.


AEL will be at 30 (50% growth) in my opinion - outstanding company. And most of their local projects are funded by NGO's and since there will be lots of infrastructure projects (which is what they concentrate on) esp after the Commonwealth heads meeting (wil be able to attract more funds to develop country) - AEL is one of the best shares

Getting a contract is pretty ordinary for a construction company.

when a demo batta is sold by DEMO it does not come as a news.

malanp wrote:Getting a contract is pretty ordinary for a construction company.

when a demo batta is sold by DEMO it does not come as a news.

agree

ccsentha wrote:

malanp wrote:Getting a contract is pretty ordinary for a construction company.

when a demo batta is sold by DEMO it does not come as a news.

agree

Yes but this is a huge order! If someone buys 10,000 benz's, anyone who wants to buy DIMO shares should keep an eye since it will affect turnover and profits

Balanced_Views wrote:

ccsentha wrote:

malanp wrote:Getting a contract is pretty ordinary for a construction company.

when a demo batta is sold by DEMO it does not come as a news.

agree

Yes but this is a huge order! If someone buys 10,000 benz's, anyone who wants to buy DIMO shares should keep an eye since it will affect turnover and profits

total project is huge all right, but AEL is getting part of it only, what is the value of it?

Is that the reason for the rush we saw yetserday ?

Kithsiri wrote:Is that the reason for the rush we saw yetserday ?

may be...............

Anybody know the value of the contract which will go to AEL?

Dumping is very near.

Usually, media hype without substance is before the dumping..

ccsentha wrote:

Balanced_Views wrote:

ccsentha wrote:

malanp wrote:Getting a contract is pretty ordinary for a construction company.

when a demo batta is sold by DEMO it does not come as a news.

agree

Yes but this is a huge order! If someone buys 10,000 benz's, anyone who wants to buy DIMO shares should keep an eye since it will affect turnover and profits

total project is huge all right, but AEL is getting part of it only, what is the value of it?

Big enough to affect turnover and profits I reckon

I think this is a good news for us as a developing country.

But some people think it is not a news

They might have thought incidents of KILLING MURDER  RAPE,  Failing STOCK MARKET are good news

This is the level of most of our people

D.G.Dayaratne wrote:I think this is a good news for us as a developing country.

But some people think it is not a news

They might have thought incidents of KILLING MURDER  RAPE,  Failing STOCK MARKET are good news

This is the level of most of our people

I also agree.... This is a good news interms of AEL point of view, since this move will be a one step towards their Mkt expansion strategy (which was highlighted in their annual report) which can open further avanues for their fast growing revenue.

roshana7549 wrote:

D.G.Dayaratne wrote:I think this is a good news for us as a developing country.

But some people think it is not a news

They might have thought incidents of KILLING MURDER  RAPE,  Failing STOCK MARKET are good news

This is the level of most of our people

I also agree.... This is a good news interms of AEL point of view, since this move will be a one step towards their Mkt expansion strategy (which was highlighted in their annual report) which can open further avanues for their fast growing revenue.

I agree! AEL will do very well. Will reach 28 in 6 months! There are so many negative comments based on nothing. But everyone is entitled to their opinion I guess.

D.G.Dayaratne wrote:I think this is a good news for us as a developing country.

But some people think it is not a news

They might have thought incidents of KILLING MURDER  RAPE,  Failing STOCK MARKET are good news

This is the level of most of our people

100% agree. This is a good news for the Company as well as for the country. But I have something get clarify from our experts. The status capital as per latest quarterly accounts is Rs. 9,000,000,000. The number of shares is 1,000,000,000. If so the par value is Rs.9 am I correct?

any one know the value of the project which AEL will get? total project is 275M, out of that what portion will go to AEL?