Eng Lam Contractors, the 100% owned affiliate to OKP Holdings has secured a contract valued at $95.9 million with the Land Transport Authority (LTA) on the 6th of February.
The Myst launch price has a plot ratio of 2.1, is zoned residential, and is set to offer 1, 2, 3, and 4-bedroom units.
Eng Lam Contractors will be involved in the survey, construction and rehabilitation of roads, kerbs bicycle paths, footpaths, as well as other commuter and road-related infrastructures along the Singapore’s South East sector.
The scope of scope of the contract extend to the fabrication of, installation, removal relocation and replacement of any new or existing signs for traffic or regulation and street name boards and retro-reflectivity tests of any traffic, directional or gantry signs.
It is anticipated that the contract will be finalized in the first quarter of 2026.
The most recent contract increases the group’s orders for construction to $454.1 million, with contracts running to 2026.
“We are delighted to have secured another contract amounting to $95.9 million with LTA. This contractwas secured three months following the previous $100.3 million LTA project, is for improvements to commuter infrastructure including cycling routes and covered linkways at new MRT stations along the Thomson East Coast Line (TEL), Circle Line (CCL)6, Northeast Line (NEL) and Downtown Line (DTL), is a reflection of our confidence in our engineering capabilities in infrastructure,” says Or Toh Wat who is the group’s executive director at OKP Holdings.
“We are thrilled to be able to assist LTA’s efforts to improve road safety for all motorists We focus is on the secure implementation and timely completion of these projects.” Or adds.
The shares of OKP Holdings closed flat at 16.7 cents on the 16th of February.