Alpina boosts project pipeline with eight new contracts worth $34.2 mil in 2HFY2023

Bryan Wu
2-min read

A majority of the new contracts, with completion dates ranging from Feb 2025 to March 2029, came from the public sector.

Alpina Holdings ZXY secured new contracts worth a total of $34.2 million in the second half of its FY2023 ended Dec 31.

On Jan 2, the engineering firm announced an update on its new contracts from the last six months, with a majority coming from the public sector.

The largest of these came from a one term contract for the provision of building services maintenance for a Singapore university with a provisional contract sum of approximately $20 million.

Other significant contracts came from various government statutory boards, with a one term contract for the provision of maintenance and upgrading works of park facilities worth some $3.4 million, two contracts for the provision of mechanical and electrical cyclical improvement works for a multi-storey carpark estimated at $7.7 million and one contract for the replacement of mechanical and electrical system, street and flood lights valued at approximately $1.9 million

The eight contracts have varying completion dates ranging from Feb 2025 to March 2029.

CEO Low Siong Yong says: “With the increasing focus on sustainability, coupled with the rising urban density in Singapore, there is a growing need for building maintenance and improvement works to develop sustainable infrastructure.”

“With a majority of the contracts being public sector projects, we look forward to supporting the public sector’s ongoing needs with our deep domain expertise in integrated building services.  Leveraging on our track record, we will continue to tender proactively for public and private sector projects in Singapore to strengthen our project pipeline,” adds Low.

Shares in Alpina closed 0.1 cents higher or 0.55% up at 18.4 cents on Jan 2.

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