DILI, 30 september 2022 (TATOLI) – The Chief Executive Officer (CEO) of Singaporean Smart Holdings Ltd, Liam Huan Chiang revealed that currently, 12 international companies have expressed interest to compete in the construction tender of the 23-story building of Timor Marine Square, in Lecidere Dili.
The project, which is held by a Singaporean company, was launched through groundbreaking on 17 may 2022 with the participation of the Prime Minister, Taur Matan Ruak.
“To reaffirm the timeline, from june to august 2022, a tender for construction contracts has been carried out and 12 international construction companies have expressed interest in participating,” explained the CEO of eSmart Holdings, in a reply letter, addressed to TATOLI.
He explained that due to the complexity of the construction work, the closing date had been extended at the request of the tenderers. Tenders have officially closed in September.
“We are currently discussing the details with the selected tenders. After we finish the discussion, then the contract will be awarded in the coming month,” he said.
Designated construction companies will be given time for their preparations and Smart Holdings believes that physical construction work will begin by the end of this year, which is based on the planned timeline.
Huan believes the project will take about three years to complete: “The building should be ready by the end of 2025.”
In a previous exclusive interview with TATOLI, Executive Director of TradeInvest, Arcanjo da Silva said that the company showed its commitment by laying the first stone to start work: “The company told us that they launched a public tender for an international construction company”, he said.
Arcanjo da Silva refers to the decree of law no 2/2018 which gives the company 270 days to carry out the construction implementation process.
The Timor Marina Square project led by a Singapore-based company received a Declaration of Benefit certificate on november 23, 2021.
The company will build two luxury skyscrapers in Lecidere-Dili for US$ $50 million.
Journalist: Camilio de Sousa
Editor: Nelia B.
