SINGAPORE (Feb 13): Mainboard-listed developer Chip Eng Seng has secured a contract worth $226.6 million from the Land Transport Authority to design and construct two stations along the Jurong Region Line.
The contract, which was secured by the group’s wholly-owned subsidiary Sembcorp Design and Construction, will see the group design and construct Gek Poh and Tawas stations, as well as two associated viaducts located along Jurong West Street 75 and between the stations.
The group says that the construction of the stations is slated for completion in 2026.
The contract is also expected to contribute positively to the net tangible assets and earnings per share of the company for the current financial year ending Dec 2020.
As at 4.38pm, shares in Chip Eng Seng are trading flat at 59.5 cents.
