Koh Brothers Eco Engineering has won a $313.9 million contract from the Land Transport Authority (LTA) to design and build a bus depot at Lorong Halus. With this contract, the company's order book has reached $899.7 million.
Works will commence on Jan 6 2025 and is slated for completion by 2029.
According to KBCE, the four-storey depot will have space to park at least 550 buses and will also incude admin and maintenance facilities.
"We will continue to strategically tender for more projects where we hold a competitive advantage, backed by our requisite track record and deepened capabilities, to maintain a healthy order book to support sustainable growth," says CEO Paul Shin.
On Dec 17, the company announced that it has won a contract from an unnamed public sector customer whom it could not then name except that this win is "expected to improve its existing order book."
Prior to this LTA contract, the company has won projects such as a $77.6 million contract from Sport Singapore, a $200.7 million contract from PUB for the Tuas Water Reclamation Plant; and a $186.0 million contract from the Housing & Development Board for the Kallang Integrated Development via a joint venture.
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Koh Brothers Eco Engineering shares closed at 4.4 cents on Dec 24, up 2.33% for the day and up 120% year to date.
