OKP Holdings has secured a contract worth S$57.2 million from the Public Utilities Board (PUB), Singapore’s National Water Agency for its Deep Tunnel Sewerage System Phase 2 (DTSS2) project.
Under this contract, OKP’s subsidiary, Eng Lam Contractors, will be involved in the construction of link sewers consisting of various internal diameters of High Density Poly Ethylene (HDPE) 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.
The group is currently involved in another PUB DTSS2 link sewer contract – Schedule III Contract 1 (Jalan Buroh/Tanjong Kling Road). OKP also recently secured a project for drainage improvement works in Sungei Selarang which includes the construction of Contiguous Bored Pile (CBP) wall, ground improvement, reinforcement concrete, and ancillary activities.
Including this new contract win, the group's net construction order book currently amounts to $320.9 million, with contracts extending till 2025.
Or Toh Wat, OKP's group managing director says, "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 in OKP closed at 19 cents on Sept 15.
Photo: OKP Holdings
