NetLink NBN Trust selects main contractor for new central office
The tender was awarded to Obayashi Singapore Private Limited.
Following a tender, NetLink NBN Trust (NLT) has appointed Obayashi Singapore Private Limited as the main contractor of its new central office along Sembawang Road.
According to NLT, the new CO will be designed in accordance with Building and Construction Authority’s (BCA) Green Mark Standards and will be supported by resilient building infrastructure.
The total cost of the new CO is expected to be in the region of $120m over the next two years.
“The total cost will be reviewed by the Infocomm Media Development Authority for inclusion in NLT’s Regulatory Asset Base (RAB),” NetLink said.
NetLink’s new CO is expected to be operationally ready in 2024. The Sembawang Road office will be the NLT’s 11 CO in Singapore.
The trust will fund the construction costs with internal financial resources and bank facilities of NLT. The construction will not have any material impact on the Net Tangible Assets and/or Earnings Per Unit of NetLink NBN Trust for the financial year ending 31 March 2023.
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