Kori, Ryobi Kiso bag huge government building contracts

Singapore

AT least two construction and engineering firms here have secured sizeable government project contracts.

Catalist listing Kori Holdings landed two large contracts for works linked to the extension of Singapore's mass rapid transit (MRT) system that total S$52.9 million - a figure which exceeds the company's market value. It said that its subsidiary's two contracts for construction works are related to the Thomson Line.

One contract came from Taisei Corporation, and another from Daewoo Engineering & Construction. Both are for works relating to the supply, fabrication, installation and dismantling of strutting. The projects are expected to start in the …