Lum Chang unit wins S$325m Tanah Merah MRT contract
CONSTRUCTION firm Lum Chang Holdings said its subsidiary has secured a S$325 million contract from the Land Transport Authority for addition and alteration works to Tanah Merah MRT Station.
This includes building an additional platform and concourse, and related road and drainage works. The contract also includes tracks and viaducts parallel to the existing East-West Line and connections to a new train depot.
Construction will begin by end-2016 and is targeted to complete by 2024.
Lum Chang closed at S$0.36, up half a cent, before the win was announced.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Syngenta to withdraw China IPO application on weak market: sources
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
China’s Huawei continues rebound with strongest earnings growth since 2019
Hatten Land gets notice of default, letter of demand for RM14 million, appoints financial adviser
ComfortDelGro wins contracts to run buses in Manchester
Sam Bankman-Fried, at sentencing, acknowledges FTX customers have suffered