SINGAPORE (July 15): Koh Brothers Eco's wholly-owned subsidiary, Koh Brothers Building & Civil Engineering, has jointly secured a $668.2 million contract from the Public Utilities Board (PUB), to construct the Influent Pumping Stations (IPS) at Tuas Water Reclamation Plant (TWRP).
The TWRP is developed as part of the Deep Tunnel Sewerage System (DTSS) Phase 2 project, which is expected to be completed by 2025. Under this contract, the group will carry out construction of the IPS in collaboration with its joint venture partner, China Harbour (Singapore) Engineering Company.
The duo have formed a joint venture company in relation to this project, to which Koh Brothers Eco holds a 60% stake in.
The JV company will be responsible for the construction of the IPS and Substations A & B required under Contract 2A of the DTSS Phase 2 project. In particular, the IPS consisting of five shafts up to 80 metres deep will convey used water from the deep tunnels to the treatment units within TWRP.
Under the scope of the project, Koh Brothers Eco will tap its comprehensive suite of capabilities, such as expertise in civil and hydro engineering, in the design, construction and delivery of the IPS.
The contract consists of two parts – construction works that will commence later this month, as well as operation and maintenance services. Construction is expected to commence in July 2019 and take 75 months to complete by 2025, followed by 53 months of operation and maintenance services.
Following this contract win, the group’s order book increases to over $1.0 billion, from $632.3 million as at Mar 31.
Paul Shin, CEO of Koh Brothers Eco, says, “With our comprehensive capabilities in water and wastewater treatment, along with our civil and hydro-engineering expertise, we are confident of delivering yet another top-notch product safely, with efficient operations and maintenance following thereafter.”
“While we focus on executing our strong order book, we will continue to set our sights on such large-scale projects to maintain a steady pipeline of projects for the Group’s sustainable growth,” adds Shin.
As at 12.30pm, shares in Koh Brothers Eco are trading at 4.2 cents.
