That contract was part of LTA’s plans to have a 1,300km network of cycling paths by 2030, up from 530km last January, to support the growing popularity of cycling as a sport and transportation mode. Cycling paths are also part of the government’s effort to improve the so-called “commuter infrastructure” by providing a denser network of walkways and dedicated cycling paths connecting key nodes such as train stations, neighbourhood centres and schools.
For years, OKP Holdings (SGX:5CF
) has grown its business by constructing and maintaining roads so that cars, buses and trucks can roll smoothly from one point of the island to another. Over the past year, OKP has won a bigger share of contracts serving another mode of transport: the humble bicycle.
Last August, the company won contracts worth $188.3 million from the Land Transport Authority (LTA) to build a new cycling path network in seven towns island-wide: Geylang, Hougang, Kaki Bukit, Marine Parade, Potong Pasir, Sengkang and Serangoon.
