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Yongnam unit wins S$159m JV contract
A joint venture (JV) between Yongnam Engineering & Construction - a subsidiary of Yongnam Holdings - and Jian Huang Construction Co has won a S$159 million contract for the JTC Food Hub @ Senoko.
The JV will build a new seven-storey ramp-up development in the Senoko Food Zone.
Built on a land area of 33,000 square metres, the development will consist of 50 modular factory units and will feature an integrated coldroom-warehouse facility. When completed, this integrated facility will be operated by a third party logistics service provider, offering logistics to Food Hub tenants.
Construction is expected to commence from this month, with completion slated for the first half of 2017.
Seow Soon Yong, chief executive of Yongnam, said: "We are excited to have secured the JTC Food Hub @ Senoko project, which is a significant milestone that reinforces Yongnam's capabilities and competitiveness."