SINGAMAS Container Holdings has won a tender for the construction of mid-stream operations in the Kwai Chung reclamation area. The site will take up two hectares of land adjacent the eighth container terminal. It will be able to accommodate up to five loading and unloading barges at the same time. Singamas said it would invest about $60 million in the project. It will be financed by the group's internal resources and from bank loans. The facility should be in operation by November, according to a Singamas spokesman. It will be operated by the group's newly created subsidiary, Singamas Terminals (Hong Kong). Of the more than 10 million 20 foot equivalent container units (teus) which pass through Hong Kong each year, about 30 per cent were handled mid-stream instead of in berths. Singamas' president David Wong said: 'We started our mid-stream operation in April 1995 and there is still growing demand for such services. We have decided to further expand our existing operations to capture market growth.' Singamas has secured contracts from Pacific International Lines (HK), Tranpac Shipping Enterprises, Hamda Shipping and C A T Shipping. 'The new set up is expected to provide a better and more comprehensive service to our existing and future customers,' Mr Wong said.