Koh Brothers Eco unit and partner bag S$186m HDB contract

A SUBSIDIARY of Koh Brothers Eco Engineering and its joint venture (JV) partner have secured a S$186 million contract from the Housing & Development Board, the company announced in a bourse filing on Tuesday (June 13).

The contract is for the construction of the Kallang Integrated Development. The Koh Brothers Eco unit and JV partner LBD Engineering will be involved in the building of public housing, a covered linkway along Lorong 1 Geylang, and road expansion works.

The contract also includes the construction of a childcare centre, future communal facilities and a bus interchange, as well as landscaping works.

Koh Brothers Eco has a 10 per cent stake in the JV. The contract will lift the company’s order book to S$703.2 million, from S$684.6 million as at end-2022.

“Our healthy order book is backed by this joint venture project, as well as the ongoing mechanical, electrical and instrumentation control and automation works at Tuas Water Reclamation Plant, which will generate a steady, recurring maintenance income post-completion in 2025,” said Koh Brothers Eco’s chief executive Paul Shin.

Shares of Koh Brothers Eco closed flat at S$0.033 on Tuesday.