OKP secures S$39.9 million PUB contract for drainage improvement works

MAINBOARD-listed infrastructure and civil engineering company OKP Holdings on Monday (Nov 8) announced that it has secured a contract worth S$39.9 million from the Public Utilities Board (PUB).

The contract is for drainage improvement works at the Benoi Road outlet drain. OKP's subsidiary, Eng Lam Contractors Co, will be involved in the construction of reinforced U-drains and an outfall structure with riprap scour protection connecting to Benoi Basin.

The company will also reconstruct an existing maintenance access for the drainage reserve with an entrance access from Benoi Road, as well as the replacement of an existing footbridge.

Commencing on Dec 6, 2021, the project is expected to be completed in 3 years' time.

With the new contract, the group's current net construction order book amounts to S$360.8 million, with contracts extending till 2025.

These include other PUB contracts such as drainage improvement works for Sungei Selarang and improvement works for West Coast Road outlet drain No 6.

"We are encouraged by the trust and confidence shown in our drainage/sewage expertise, and will focus on the smooth delivery of all projects," group managing director Or Toh Wat said.

Shares of OKP closed down S$0.005 or 2.6 per cent to close at S$0.185 on Monday, before the announcement was made.