OKP Holdings’ 5CF wholly-owned subsidiary, Eng Lam Contractors Co, has secured a $44.5 million contract from the Land Transport Authority (LTA) for the renewal of footpaths for continued usability.
The three-year contract commenced on Jan 5 and is expected to be completed by Jan 4, 2027.
OKP’s subsidiary will work on footpaths including tiled walkways and interlocking paving blocks, as well as the replacement of affected related road and footpath elements such as gratings, tactile tiles, kerbs and railings.
Other ancillary works include the reinstatement of road facilities and footpath markings, along with the conversion and replacement of tiles.
The contract raises the group’s current net construction order book to approximately $656.5 million, with projects extending to 2027.
Group managing director Or Toh Wat says: “Securing this new contract marks a milestone for the new year, paving the way for growth. In our commitment to ensuring the safety of Singapore's public commuting infrastructure, we remain focused on the smooth delivery of this project by leveraging on our expertise and specialisation.”
See also: Nam Cheong secures multi-year OSV charter contracts worth RM1.2 bil
Shares in OKP closed 0.5 cents higher or 2% up at 25.5 cents on March 1.
