OKP Holdings 5CF has secured a contract worth $14.0 million from the Public Utilities Board (PUB) for drainage improvement works.
The 33-month contract for the improvement works at several locations islandwide, including industrial as well as public and private residential areas, is expected to commence Jan 2, 2024 and be completed by Oct 1, 2026.
OKP’s wholly-owned subsidiary Eng Lam Contractors will undertake the improvement works to roadside drains in the Eng Kong Place, Neram Crescent and Tai Seng Drive areas.
Other ancillary works include trial trenching, diversion of underground services, installation of sheet piling for drains and culverts, as well as coordinating with services agencies to divert services affected by drainage improvement works and affected underground water pipes.
“This new contract reaffirms the trust and confidence in our drainage specialisation and expertise. We will continue to focus on the smooth delivery of all our drainage projects, by undertaking them safely, efficiently and sustainably,” says group managing director Or Toh Wat says.
With the new contract, OKP’s current net construction order book has increased to $610.4 million, with projects extending to 2026.
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Shares in OKP closed unchanged at 20.5 cents on Dec 14.
