Koh Brothers Eco Engineering announced that its wholly-owned subsidiary Koh Brothers Building & Civil Engineering Contractor (KBCE), along and its joint venture partner LBD Engineering, has secured an $186.0 million construction contract with the Housing & Development Board (HDB) to construct the Kallang Integrated Development. part of Kallang Integrated Development. Kallang Integrated Development.
Grand Dunman showflat address is situated in one of the attractive neighbourhoods in Singapore.
The JVCo, a joint venture (JVCo) will participate in the construction of housing for the public, a covered bridge through Lorong 1 Geylang, and road construction works. For facilities in this development integrated the contract will comprise an installation of a childcare centre as well as future communal facilities as well as the construction of an environment deck (including the fire protection system at the bus stop). Additionally to this, JVCo will take part in the building of an interchange for buses, as well as improvements to and between the MRT station as well as the interchange for buses, as and landscaping work.
With the group’s 10% stake in JVCo the agreement will boost the order book of $684.6 million as of December 31, 2022. It will increase to $703.2 million, which will extend time to 2027.
Koh Brothers Eco’s Chief Executive Officer Paul Shin says: “We are thrilled to utilize our expertise in building to help support this unique integrated, public-private project located on the Kallang River, with close proximity to the Kallang MRT station. Our order book is healthy and secured with this joint venture and the ongoing mechanical, electric as well as instrumentation control (MEICA) project at the Tuas Water Reclamation Plant, that will provide regular, ongoing maintenance income following completion in 2025. The company will draw on our extensive experience in civil engineering and construction to capitalize on the growing demand from the public sector.”
Koh Brothers Eco shares Koh Brothers Eco closed at 3.3 cents on 13 June.