OKP unit gets S$92.9 million LTA contract
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OKP’s wholly owned subsidiary Eng Lam Contractors has secured a contract worth S$92.9 million from the Land Transport Authority (LTA) for the construction of new cycling path networks, OKP said on Wednesday (Apr 24).
The 18-month contract commenced on Apr 18 and is expected to be completed by 2025, the infrastructure and civil engineering company said.
OKP’s net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027.
Under the LTA contract, Eng Lam Contractors will construct cycling paths in the west of Singapore, comprising Clementi, Bukit Batok, Queenstown and Jurong West.
Since August 2023, the OKP has been awarded three LTA contracts for the construction of cycling path networks, totalling S$359.5 million.
Shares of the company ended trading flat at S$0.275 on Wednesday before the announcement.
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