OKP Holdings’ 5CF wholly-owned subsidiary Eng Lam Contractors has been awarded a $12.7 million contract by the Land Transport Authority (LTA) for the ad-hoc improvement of road related facilities, road structures and road safety schemes for Singapore’s Western sector.
The 18-month contract, which commenced on Oct 31 and is expected to be completed by April 30, 2025, will see Eng Lam Contractors involved in the improvement and upkeep of road and cycling paths.
“We feel encouraged to have secured this contract from LTA which is an endorsement of our core competency and capabilities, and we are committed to the smooth delivery of this project,” says group managing director Or Toh Wat.
OKP’s fourth contract from LTA follows a separate 18-month contract worth $188.3 million for the construction of a new cycling path network in seven towns islandwide.
The two earlier LTA contracts include a 36-month contract worth $95.9 million for the maintenance of roads, road-related and commuter-related facilities along the South Eastern sector secured in February 2023 and a 48-month contract worth $100.3 million for the construction of covered linkways and cycling paths at new MRT stations.
As at Dec 11, OKP’s construction order book stands at $596.4 million, with contracts extending till 2026.
See also: Kingsmen renews F1 contracts for $53.2 million
Shares in OKP closed unchanged at 20.5 cents on Dec 11.
