SINGAPORE (Jan 8): Civil engineering firm Swee Hong has secured a $32.5 million contract from Singapore’s Public Utilities Board (PUB) to construct link sewers for the Deep Tunnel Sewerage System (DTSS) Phase 2 Project at Old Choa Chu Kang Road/ Jalan Bahar.
According to a factsheet issued by PUB in Nov 2017, DTSS Phase 2 is slated to complete by 2025, and will extend the deep tunnel system to cover the western part of Singapore including the downtown area and major upcoming developments such as Tengah Town and Jurong Lake District.
In a Monday filing, Swee Hong says its latest contract win is expected to contribute positively to its earnings, but not significantly for the current financial year ending June 2019.
Shares in the group closed flat at 0.5 cent.
