Koh Brothers Eco Engineering says its wholly-owned subsidiary, Koh Brothers Building & Civil Engineering Contractor (KBCE), has secured a $77.6 million contract from Sport Singapore for the piling, ground improvement, and earth retaining stabilizing structure (ERSS) installation at the Toa Payoh integrated development site.
The 18-month contract is expected to commence on Nov 19, and is set for completion by May 2027.
Under the contract, KBCE will be involved in ground improvement works, construction of foundation piles and ERSS in accordance with specifications at the existing Toa Payoh Stadium site. The proposed integrated development is expected tol comprise sport, healthcare, library and park facilities
Paul Shin, Koh Brothers Eco’s CEO, says: “This represents our first contract with Sport Singapore and we thank them for the trust and opportunity to be part of the mega sports hub and integrated lifestyle facilities development. We will continue to leverage our deep expertise in construction and civil engineering to capitalise on the strong demand in the public sector.”
He adds that the group has secured new orders since June 30, which is expected to boost the group’s order book to approximately $585.7 million, which will extend visibility till 2027.
“The group’s healthy order book is well-supported by the ongoing $200.7 million MEICA contract from PUB for Tuas Water Reclamation Plant; and a $186.0 million contract from the Housing & Development Board, for the building of the Kallang Integrated Development, with our joint venture partner, LBD Engineering Pte Ltd,” says Shin.
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Shares in Koh Brothers Eco Engineering 5HV closed flat at 2.9 cents on Nov 19.
