Huationg awarded $81.3m in new contracts

Singapore-listed civil engineering firm Huationg Global has secured new contracts amounting to about $81.3 million.

These include site clearance and earthworks for land preparation at Changi Airport Terminal 5, external works for proposed development of an integrated regional hospital in Sengkang, earthworks for proposed dry docks, and earthworks for advanced piling, soil improvement and pile extraction works at Depot.

The projects are expected to be completed by the group over the next three years and are not likely to have a material impact on its financial performance this year.

Commenting, Patrick Ng, chief executive office of Huationg said: "We have been building up our order book strongly since the beginning of 2015, where we clinched public sector projects totaling $28.5 million in Q1 2015 and $19.5 million in Q2 2015 respectively. Our latest achievements in the challenging business climate are clear validation to our well-adopted strategy to focus on public infrastructure projects."

Over the last 30 years, Huationg has been involved in numerous large infrastructural construction works including certain MRT stations on the Downtown and Circle lines, as well as the Kallang-Paya Lebar Expressway and Marina Coastal Expressway.

Looking ahead, the group plans to actively tender for other public sector projects.

Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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