OKP Holdings’ wholly-owned subsidiary secures $95.9 million contract from LTA
SINGAPORE – The wholly-owned subsidiary of OKP Holdings, Eng Lam Contractors, has secured a contract worth $95.9 million from the Land Transport Authority (LTA) on Feb 6.
Eng Lam Contractors will take part in the extensive work which include: survey, new construction and reconstruction of roads, kerbs, footpaths, cycling paths and other road and commuter-related facilities along Singapore’s South East sector. Their job scopes under the contract will also include fabrication, installation, removal, realignment and replacement of new or existing traffic or regulatory signs and street name boards, and retro-reflectivity checks of any defected gantry, directional and traffic signs.
“We are delighted to obtain 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 delighted to be given the chance to support LTA’s efforts to improve road infrastructure, road safety for everyone, and are attentive to the safe execution and timely completion of these projects.”
Shares in OKP Holdings closed flat at 16.7 cents on Feb 16.