OKP wins $100.3 million contract from LTA

Or Toh Wat, managing director of OKP Holdings (Picture: The Edge Singapore)

SINGAPORE (EDGEPROP) - OKP Holdings has won a $100.3 million contract from the Land Transport Authority for commuter infrastructure enhancement works at new MRT stations, at island-wide locations.

Read also: OKP posts 43.7% drop in 1Q earnings to $2.8 mil

With this contract, OKP's order book has reached $402.2 million, to be fulfilled by 2026.

Under this contract, OKP will design and build covered linkways and cycling paths at new MRT stations along the new Thomson-East Coast Line (TEL), Circle Line 6 extension, North East Line extension and Downtown Line.

“We are heartened to secure this contract from LTA, and for the trust and confidence in our infrastructure engineering expertise and specialisation," says managing director Or Toh Wat.

"We will focus on the smooth delivery of this commuter infrastructure project for the convenience of all users," he adds.

OKP shares last traded at 17 cents, down 15% year to date.

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