OKP wins PUB contract worth S$49.6 million

Engineering company OKP has landed a S$49.6 million contract from national water agency PUB for drainage improvement works in Sungei Selarang.

The works involve the upgrading of Sungei Selarang, which includes construction of a contiguous bored pile (CBP) wall, ground improvement, reinforcement concrete, and ancillary activities.

The 33-month contract starts on Sept 8 this year and is slated for completion by June 7, 2024. OKP has secured other contracts from PUB in the past and is presently working on another project with PUB.

The group's current net construction order book amounts to S$263.7 million, with projects extending to 2024, OKP said.

Group managing director, Or Toh Wat, said: "The contract win has further affirmed confidence in our longstanding expertise and competence in infrastructure and civil engineering projects. We will continue to harness our strengths and specialisation in the field to ensure consistent execution and delivery of our projects."

The counter closed at 19 Singapore cents on Monday, unchanged.