OKP Holdings clinches S$46.8 mln contract for Alexandra Canal improvement

Three new underpasses crossing Zion Road and Kim Seng Road will be constructed as part of the deal.

In a statement, the engineering firm said work on the project will start in September 2011 and will be completed by the first quarter of 2014.

Aside from building new underpasses, the engineering firm will also reconstruct the open canal between Zion Road and Kim Seng Road.

Or Toh Wat, OKP Holdings’s Managing Director, said, “This latest win further fortifies OKP’s position as a leading player in Singapore’s public service arena. We are glad for the privilege to be able to play our part and contribute in some small way to the continued strengthening of Singapore’s infrastructure.”

The latest win, which came at the heels of a S$4.9mln contract from the Jurong Town Corp. to build new sewers in Tuas earlier this month, boosts the company’s order book based on secured contracts to approximately S$433.3 mln.

OKP Holdings posted a net profit of S$12.1 mln for its first half ended 30 June 2011 on the back of revenue of S$61.1 mln.