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Yongnam secures $76.6 million of Subcontracts

Vincent Chia
Yongnam consortium officially clinches Mynamar Airport project

Yongnam Holdings Limited announced that it has secured 3 subcontracts. The combined value of these contracts is $76.6 million. 2 Subcontracts are for the Thomson-East Coast Line project in Singapore. The first is for the construction of Napier Station while the second is for the provision of a pipe pile cofferdam system, steel struts and decking works for the Marina South Station and Tunnels. Both subcontracts are expected to complete in 48 months. The third subcontract is for the construction of a temporary steel bridge in Liantang / Heung Yuen Wai Boundary Control Point in Hong Kong.

GET TO THE POINT : Always good to win more projects. The risks in subcontracts lies in the integrity and paymaster nature of the main contractor.

(Picture from Yongnam Holdings Limited)

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