OKP wins S$95.9 million LTA contract for maintenance of road, commuter facilities
Tan Nai Lun
INFRASTRUCTURE and civil engineering company OKP Holdings has secured a contract worth S$95.9 million from the Land Transport Authority (LTA) for the maintenance of roads, road-related and commuter-related facilities along the south-east sector.
OKP was awarded the 36-month contract on Feb 6, and expects it will be completed by the first quarter of 2026, the company said in a bourse filing on Thursday (Feb 16).
Under the contract, its wholly-owned subsidiary Eng Lam Contractors will be involved in the survey, construction and reconstruction of roads, kerbs, footpaths, cycling paths and other road and commuter-related facilities along the south-east sector.
It will partake in the fabrication, installation, removal, realignment and replacement of new or existing traffic or regulatory signs and street name boards, and retro-reflectivity checks of any gantry, directional and traffic signs.
It will also have to supply bollards, road marker posts and convex mirrors, as well as remove and replace damaged expansion joints on road structures, signage and mild steel railings.
The contract win brings the group’s net construction order book to S$454.1 million, with projects extending to 2026.
OKP previously secured a S$100.3 million contract from LTA for commuter infrastructure enhancement works at new MRT stations.
Shares of OKP closed flat at S$0.167 on Thursday, before the announcement.
Copyright SPH Media. All rights reserved.
