OKP wins S$165.3 million LTA contract for commuter infrastructure works

[SINGAPORE] Infrastructure and civil engineering company OKP has secured a S$165.3 million contract from the Land Transport Authority for commuter infrastructure works in Singapore.

Under the 48-month contract, which commenced on May 25, OKP’s wholly owned subsidiary Or Kim Peow Contractors will design and construct elevator shafts at 30 pedestrian overhead bridges in Singapore.

The group’s order book stood at S$760.7 million as at Thursday (May 28), with projects until 2031.

Or Toh Wat, group managing director of OKP, said the latest contract win contributes to “creating a more inclusive and accessible transport environment for commuters”.

The works include associated commuter infrastructure works related to lift lobbies and link bridges, alongside other accessibility enhancements that improve connectivity.

As part of the project scope, Or Kim Peow Contractors will also carry out enhancement works at pedestrian overhead bridges, as well as addition and alteration works for existing elevator shafts.

It will also build a new covered pedestrian overhead bridge with lift access and linkways across the Tampines Expressway.

Shares of OKP closed Thursday 2.5 per cent or S$0.02 higher at S$0.835, before the news.