Van Oord wins $500m Caspian Sea deal

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Van Oord wins $500m Caspian Sea deal

Van Oord has been awarded contracts in the Caspian Sea region with a total value of more than US$500m (£331m).

The wins were announced during this week’s visit of the Dutch prime minister Mark Rutte to Kazakhstan.

The first project comprises the dredging of a 68km-long access channel to a new cargo offloading facility to be operated by TenizService. Four cutter suction dredgers will remove a total of some 17 million cubic metres of soil in shallow water. The project will enable the expansion of the Prorva port to help facilitate the growth of Kazakhstan’s oil and gas industry.

In the second project, Van Oord is performing the preparatory work for the installation of two pipelines in the same region. This project involves excavating and backfilling two 8km-long trenches. In addition, Van Oord is dredging an access channel and the seabed will be levelled.

“With these projects Van Oord contributes to the further economic development of the Caspian Sea region,” said chief operating officer Paul Verheul.

Source: www.theconstructionindex.co.uk

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.