Monday, November 30, 2015

OKP wins $95 mil LTA contract for expressway viaduct construction

OKP Holdings, the infrastructure and civil engineering company, has won a $94.6 million contract by the Land Transport Authority.

Wholly-owned subsidiary, Or Kim Peow Contractors (Private) Limited will construct a viaduct from the Tampines Expressway to the Pan Island Expressway (Westbound) and Upper Changi Road East.

The scope of this design-and-build contract involves the design and construction of new viaducts, realignment and widening of existing carriageways, resurfacing of the existing roads, construction of retaining structures, reinstatement works, as well as the construction of other required structures and ancillary works.

The contract started on Nov 23 and is expected to be completed by the first quarter of 2020.

With this latest contract, OKP’s total value of contracts secured in 2015 have risen to $291.3 million.

OKP closed 10% higher at 22 cents on Friday.

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