Chip Eng Seng subsidiaries win S$562m Cross-Island Line-Punggol Extension contract

TWO subsidiaries of Chip Eng Seng Corporation have been awarded a S$562 million contract from the Land Transport Authority (LTA) to design and construct the Elias station and tunnels under the Cross Island Line-Punggol Extension.

LTA said in a statement on Monday (Jan 30) that the contract has been awarded to CES_SDC-Chip Eng Seng Contractors (1988) joint venture. Both CES_SDC and Chip Eng Seng Contractors (1998) are indirect wholly-owned subsidiaries of Chip Eng Seng Corporation : C29 0%.

LTA said that the contract completes the appointment of contractors for all four Cross Island Line-Punggol Extension stations.

Construction works for the Elias station and tunnels are expected to start in the second quarter of 2023, with passenger service targeted to commence in 2032.

The station is an underground station located along Pasir Ris Drive 3. The station will be built at a depth of about 40 m and will have five entrances, LTA said.

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The Cross Island Line (CRL) is Singapore’s eighth Mass Rapid Transit line. It will serve existing and future developments in the eastern, north-eastern and western corridors, and links major hubs including Jurong Lake District, Punggol Digital District and Changi region.

The 7.3-kilometre Cross Island Line-Punggol Extension. will comprise four stations, namely Punggol, Riviera, Elias, and Pasir Ris.

Chip Eng Seng shares closed at S$0.75 on Monday, down 0.7 per cent, before LTA’s announcement.