Koh Brothers JV With Samsung C&T Secures $1.12 Billion Contract

Koh Brothers Group announced that it has secured a $1.12 billion project from Changi Airport Group (CAG) , through an integrated joint venture (JV) with Samsung C&T Corporation, for development works to effect three-runway operations at Changi Airport.

The group, through its wholly owned subsidiary, Koh Brothers Building & Civil Engineering Contractor, has a 30 percent equity stake in the JV.

The $1.12 billion contract is the first of several contracts to be awarded by CAG for the development of a three-runway system at Changi Airport by the early 2020s. Tapping on its expertise in flooding alleviation and drainage, the group will undertake the construction of drainage and culvert systems to ensure the runway and taxiways are free of surface water and to prevent flooding. The group will also leverage on its capabilities in building materials to set up and operate batching plants to supply concrete to meet the project’s requirements.

With the group’s share of the project, its construction order book will increase to $632 million.

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