Eng Lam Contractors, a wholly-owned subsidiary of infrastructure and civil engineering company OKP Holdings, today announced that it has been awarded two contracts worth a total of $54.7 million by the Land Transport Authority (LTA).
These are for road resurfacing works along seven major expressways – Pan Island Expressway (PIE), Ayer Rajah Expressway (AYE), East Coast Parkway Expressway (ECP), Seletar Expressway (SLE), Bukit Timah Expressway (BKE), Central Expressway (CTE), Kallang -Paya Lebar Expressway (KPE) – and other expressways.
The road resurfacing works cover the milling of asphalt pavements, supply and laying of asphalt concrete for roads, repainting of road/raised pavement markings and related works.
They are expected to be completed by June 5, 2018.
Or Toh Wat, group managing director of OKP Holdings said in a press release on Monday: “We will continue to leverage on our extensive track record in infrastructure and civil engineering to actively tender for public projects, on the back of robust industry statistics which show construction demand of between S$27.0 billion and S$34.0 billion, of which 65% will be derived from this sector.”
Earlier this year in February, Eng Lam was awarded a two-year $9.8 million contract by PUB for drainage improvement works at various locations in the western region of Singapore. This came shortly after Or Kim Peow Contractors, another subsidiary of the group, was awarded a $94.6 million design and build contract by LTA in November 2015.
The latest wins have boosted the total value of contracts secured by OKP Holdings in 2016 to $64.5 million, taking the group’s net construction order book to $376.8 million.
OKP shares last traded at 25 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
These are for road resurfacing works along seven major expressways – Pan Island Expressway (PIE), Ayer Rajah Expressway (AYE), East Coast Parkway Expressway (ECP), Seletar Expressway (SLE), Bukit Timah Expressway (BKE), Central Expressway (CTE), Kallang -Paya Lebar Expressway (KPE) – and other expressways.
The road resurfacing works cover the milling of asphalt pavements, supply and laying of asphalt concrete for roads, repainting of road/raised pavement markings and related works.
They are expected to be completed by June 5, 2018.
Or Toh Wat, group managing director of OKP Holdings said in a press release on Monday: “We will continue to leverage on our extensive track record in infrastructure and civil engineering to actively tender for public projects, on the back of robust industry statistics which show construction demand of between S$27.0 billion and S$34.0 billion, of which 65% will be derived from this sector.”
Earlier this year in February, Eng Lam was awarded a two-year $9.8 million contract by PUB for drainage improvement works at various locations in the western region of Singapore. This came shortly after Or Kim Peow Contractors, another subsidiary of the group, was awarded a $94.6 million design and build contract by LTA in November 2015.
The latest wins have boosted the total value of contracts secured by OKP Holdings in 2016 to $64.5 million, taking the group’s net construction order book to $376.8 million.
OKP shares last traded at 25 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment