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OKP subsidiary wins S$19.3 million JTC project

OKP Holdings subsidiary Eng Lam Contractors has been awarded a S$19.3 million contract by JTC for infrastructure works at Punggol.

The 15-month contract commenced on July 5 and is expected to be completed by Oct 4, 2017.

This is the mainboard-listed company's fifth contract of 2016, having secured contracts from the Land Transport Authority and the Public Utilities Board earlier this year.

Eng Lam will be constructing new roads, drains, cycling paths, culverts, sumps, sewer pipes and manholes, as well as the proposed underground basement linkways at Punggol Road.

The revenue generated from these contracts secured in 2016 total S$101.8 million.

OKP closed at 0.25 Singapore cents on Tuesday, up 0.015 cents.