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OKP wins S$54.7m LTA contracts
OKP Holdings has won two contracts worth S$54.7 million through its wholly-owned subsidiary, Eng Lam Contractors Co Pte Ltd, from the Land Transport Authority (LTA) for road resurfacing works.
The contracts call for works along seven major expressways including Pan Island Expressway (PIE), Ayer Rajah Expressway (AYE), East Coast Parkway Expressway (ECP), Seletar Expressway (SLE), Bukit Timah Expressway (BKE), Central Expressway (CTE) and Kallang-Paya Lebar Expressway (KPE).
Eng Lam will perform road resurfacing works including the milling of asphalt pavements, supply and laying of asphalt concrete for roads and repainting of road/raised pavement markings.
Group managing director Or Toh Wat said: "We are delighted to have secured these contracts from LTA soon after the design-and-build projects for viaducts and widening of carriageways awarded in November 2015."
Mr Oh added: "We will continue to leverage on our extensive track record in infrastructure and civil engineering to actively tender for public projects, on the back of robust industry statistics which show construction demand of between S$27.0 billion and S$34.0 billion, of which 65 per cent will be derived from this sector."
In February this year, Eng Lam was awarded a two-year S$9.8 million contract by the Public Utilities Board for drainage improvement works at various locations in the western region of Singapore, including Jalan Buroh, Jalan Sampurna, Pioneer Sector 1, Tanjong Penjuru/Penjuru Road and West Coast Road/Penjuru Road.
With these latest contracts, the total value of contracts secured in 2016 amounted to S$64.5 million and boosted the net construction order book to S$376.8 million, with contracts extending to 2019.
The contracts commenced on June 6, 2016 and are expected to be completed by June 5, 2018.