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OKP Holdings' wholly-owned subsidiary secures $95.9 mil contract from LTA

By Felicia Tan

/ The Edge Singapore |

February 16, 2023 8:26 PM SGT

The contract is expected to be completed by the first quarter of 2026 (Photo: OKP Holdings)

SINGAPORE (EDGEPROP) - Eng Lam Contractors, the wholly-owned subsidiary of OKP Holdings has secured a contract worth $95.9 million from the Land Transport Authority (LTA) on Feb 6.

Read also: OKP wins $100.3 million contract from LTA

Eng Lam Contractors will be involved in the survey, construction and reconstruction of roads, kerbs, footpaths, cycling paths and other road and commuter-related facilities along Singapore’s South East sector.

The scope of the work under the contract will also extend to fabrication, installation, removal, realignment and replacement of new or existing traffic or regulatory signs and street name boards, and retro-reflectivity checks of any gantry, directional and traffic signs.

The contract is expected to be completed by the first quarter of 2026.

The latest contract brings the group’s net construction order book to $454.1 million with contracts extending till 2026.

“We are encouraged to secure another contract worth $95.9 million from LTA. This contract, secured three months after the last $100.3 million LTA project for commuter infrastructure enhancement works, such as cycling paths and covered linkways, at new MRT stations along [the] Thomson-East Coast Line (TEL), Circle Line (CCL)6, Northeast Line (NEL) and Downtown Line (DTL), is reflective of the confidence in our core infrastructure engineering expertise,” says Or Toh Wat, group managing director of OKP Holdings.

“We are pleased to be given the opportunity to support LTA’s efforts to enhance road safety for all users, and are focused on the safe execution and timely completion of these projects,” Or adds.

Shares in OKP Holdings closed flat at 16.7 cents on Feb 16.

Tags:

OKP Holdings Eng Lam Contractors LTA MRT

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