ST Engineering has been contracted by the Land Transport Authority to deploy an intelligent transport system to help improve traffic management.
The contract value is not disclosed and was already recorded in the company's FY2025 order book which totalled $33.2 billion, including $18.7 billion won in FY2025 alone and $4.7 billion in the last quarter.
This contract, under ST Engineering's urban solutions business, will include a traffic monitoring camera system and an integrated traffic and plant management system.
According to ST Engineering, this new transport management system will help create "a more responsive and future-ready road transport network in Singapore", thereby allowing "smarter traffic management, smoother traffic flow and enhanced road safety."
“Being entrusted with these projects demonstrates the strength of our intelligent transport systems solutions and proven capabilities in delivering large-scale road transport projects," says Hoe Yeen Teck, head, mobility road and services, at ST Engineering.
"We look forward to continuing our longstanding partnership with LTA and supporting them on this journey to enhance the efficiency, responsiveness and resilience of Singapore’s road transport network,” he adds.
See also: KSH Holdings wins new contract worth more than $32 mil; total order book around $1 bil
ST Engineering shares closed at $11.15 on March 12, up 0.54% for the day, extending a gain of 78.4% in the past year.
