OKP unit gets S$92.9 million LTA contract
OKP’s : 5CF 0% 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.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Chinese tariffs could leave cognac makers with too much brandy
Coffee variety is priciest since 1970s in blow to instant brews
South Korea’s probe alleges 211.2 billion won of illegal short trades
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami
Philippine central bank tightens dirty money risk reporting rule