Chip Eng Seng, two other firms bag Jurong Regional Line deals worth S$596m

Published Thu, Feb 13, 2020 · 09:50 PM

Singapore

A UNIT of mainboard-listed Chip Eng Seng Corporation and two other firms have snagged three contracts worth some S$596 million to design and construct four Jurong Region Line (JRL) stations and their associated viaducts, the Land Transport Authority (LTA) announced on Thursday.

The largest contract, valued at S$226.6 million, was awarded to Sembcorp Design and Construction, a wholly-owned subsidiary of property and construction group Chip Eng Seng.

In a regulatory filing on Thursday, Chip Eng Seng noted that the contract is expected to contribute positively to its net tangible assets and earnings per share for the cur…