‘KPMG’s True Value is a tool to understand how the value a business creates and reduces for society is likely to affect the value it creates for shareholders. By applying the methodology to Van Oord’s dredging project in Costa Rica, as well as the Dutch Gemini Offshore Wind Park, we revealed the societal value of these projects.’ 

‘Calculating the value of our activities allows us to express the impact of certain decisions during the engineering or construction phase in terms of financial value. Based on the information that we gather from these reports, we can make well-considered choices and offer our clients alternative solutions. Now and in the future, we aim to take into account the interests of our stakeholders as well as the environment that we work in.’

Bernd
Hendriksen
Partner at KPMG

Mark Roelofs
Area Director America & Africa at Van Oord

Kenneth Waugh
Managing Director at APM Terminals Costa Rica

‘APM Terminals aspires to unlock growth for society and our business in Limon, Costa Rica. We are driven to reduce barriers to trade, to invest in education and to improve our social and environmental performance, particularly within this project. By investigating the impact of their dredging and construction activities for our new terminal in Moín and jointly looking for mitigation measures, Van Oord has proven to be an innovative partner that operates in line with our sustainability strategy.’

Commentary by stakeholders:

Can we create value for society by constructing a new container terminal? Yes, we can. It’s what we’re doing in the Moín container terminal project; by boosting Costa Rica’s trade competitiveness, by creating jobs and by investing in the local community and environment.

10,000 sea turtles released every year from protected nesting site

24 nationalities
working together

2.2 kilometres long breakwater, consisting of 1.8 million tonnes of rock and 16,000 concrete elements (Xblocs)

6.5 million cubic metres of sand for 40 hectares of new land

True value of USD 930 million
To maintain and strengthen Costa Rica’s economic position, the government has awarded APM Terminals a contract to build and operate a new container terminal in Moín, Costa Rica. A world-class, high-productivity, and sustainable container terminal in one of the country’s most beautiful coastal areas. The Van Oord–BAM International consortium is responsible for the construction works. Based on the value of Van Oord’s share in the overall investment costs, the project is generating an estimated societal value of USD 930 million. That figure includes an impact of USD 191 million arising from the construction activities and USD 739 million generated by the terminals future operations.

country is a key driver of the project,’ concludes Sander. ‘However, we don’t want to have an adverse impact on the environment and its inhabitants. Setting up a protected nesting area for sea turtles is an example of a measure that was taken to protect flora and fauna during the construction works. Social benefits were created through technical innovations, for example the use of Xblocs, and participation in community development projects.’

The positive economic impact is USD 246 million, of which USD 114 million is being created within Costa Rica. The dredging and marine construction activities are generating 2,000 job years at the consortium and an estimated 750 job years through the supply chain.’

Key drivers
‘Improving the economic position of the

Value creation
Van Oord and KPMG - a global network of firms providing audit, tax and advisory services - applied KPMG’s True Value methodology to identify and quantify the impacts of this infrastructure megaproject. Sander Dekker, Manager Sustainability at Van Oord: ‘We are creating an economic spin-off effect in Costa Rica and internationally by spending a significant amount on suppliers.