OKP wins S$57.2 million PUB contract

INFRASTRUCTURE and civil engineering company OKP Holdings has clinched a contract from PUB worth S$57.2 million for the Deep Tunnel Sewerage System (DTSS) project, the company said in a bourse filing on Wednesday.

With this contract, OKP's current net construction order book stands at S$320.9 million, with contracts extending up to 2025.

For this project, OKP's subsidiary Eng Lam Contractors will be involved in the construction of link sewers consisting of various internal diameters of high-density polyethylene-lined reinforced concrete pipes and manholes in Commonwealth Avenue West, Clementi Avenue 2 and University Flyover.

The contract will commence on Sept 21, and is expected to be completed by June 20, 2025.

OKP is also currently involved in another DTSS Phase 2 project, and recently secured a project involving drainage improvement works in Sungei Selarang which includes the construction of Contiguous Bored Pile wall, ground improvement, reinforcement concrete, and ancillary activities.

Group managing director Or Toh Wat said: "We are pleased to secure another contract from PUB, following the award of the Sungei Selarang upgrading project last month.

"We are grateful for the confidence in our specialisation and expertise in this field and will commit to upholding the high standards of our work processes and deliverables."

Shares of OKP closed unchanged at 18.7 Singapore cents on Wednesday.