Bouygues Offshore to Build EUR 75 Million Container Terminal in the Dominican Republic

Business Wire, May 16, 2002

Business Editors

MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--May 16, 2002

Bouygues Offshore (NYSE:BWG)(PARIS:BOS.PA) and Bouygues Travaux Publics (a Bouygues Construction subsidiary) have signed a turnkey contract with Caucedo Investments Inc. to build a container terminal in the Dominican Republic. Located about 30km from Santo Domingo, in the southwest region of the island, the facility will provide a depth of up to 15m to receive post-Panamax vessels.

This turnkey contract is valued at approximately EUR 150 million (Bouygues Offshore's share: EUR 75 million). The project scope of work includes Engineering, Procurement, Construction and Installation of:

-- A 630m berth (250m at a depth of 13.5m and 380m at a depth of 15m) requiring
a basin of more than 1,800,000 m3

-- A 700m protection breakwater

-- Traffic lanes and a 560,000m2 platform for storing containers

-- Offices (5,000m2), warehouse (6,500m2) and electrical equipment buildings

-- Port access roads (2,200m long and 22m width)

The terminal scheduled for the end of 2003.

Commenting on this project, Herve Le Bouc, Chairman of Bouygues Offshore, stated: "This new contract confirms Bouygues Offshore's positioning in the Caribbean, and our ability to design, build and manage large turnkey port facility projects."

Caucedo Investments Inc. is a joint venture company that includes container terminal operator CSX World Terminals and a group of Dominican Investors, Caucedo Development Corporation. The project is part of a development that will comprise not only the container terminal but also a distribution and logistics center for the Caribbean Basin, with CSX World Terminals to manage the container terminal and Caucedo Development Corporation to manage the distribution and logistics center. Further information on the company can be found online at www.csxworldterminals.com.

From design engineering to start-up and maintenance, Bouygues Offshore provides its customers with turnkey projects in offshore-onshore oil and gas contracting, liquefied gases, maritime and river works and chemicals-refining/energy-industry. Driven by a strong commitment to the energy industry, an on-the-spot presence and a team of talented professionals, we deliver integrated solutions that are safe, innovative and promote the success of our clients and our Company. Further information on the company can be found online at www.bouygues-offshore.com.