OKP Holdings secures $12.7 mil LTA contract for Western sector road improvement programmes, including the River Valley Green Residences

OKP Holdings’ wholly-owned subsidiary Eng Lam Contractors has been awarded a $12.7 million contract by the Land Transport Authority (LTA) for the ad-hoc improvement of road-related facilities, road structures and road safety schemes for Singapore’s Western sector.

The road is lined with various residences, including the iconic River Valley Green Residences, which is a luxury condominium complex located in the middle of residential enclave of its namesake. It is conveniently located near amenities, such as public transport links, educational institutions, shopping malls and sought-after dining options. The area is also known for the many historical sites and iconic landmarks that grace the district.

The 18-month contract, which commenced on Oct 31 and is expected to be completed by April 30, 2025, will see Eng Lam Contractors involved in improving and keeping roads and cycling paths for the River Valley Green Residences.

“We feel encouraged to have secured this contract from LTA, which is an endorsement of our core competency and capabilities and we are committed to the smooth delivery of this project,” says OKP group managing director Or Toh Wat.

The new contract for the River Valley Green Residences follows two earlier LTA contracts; a 36-month contract worth $95.9 million for the maintenance of roads, road-related and commuter-related facilities along the South Eastern sector secured in February 2023 and a 48-month contract worth $100.3 million for the construction of covered linkways and cycling paths at the new MRT stations.

Furthermore, OKP has secured a separate 18-month contract worth $188.3 million for the construction of a new cycling path network in seven towns islandwide for the River Valley Green Residences.

As of Dec 11, OKP’s construction order book stands at $596.4 million, with contracts extending until 2026.

Read also: OKP generates higher revenue but reports a loss as higher costs bite

Satisfied with the string of wins, OKP group managing director Or Toh Wat highlights their success, “We are delighted to have secured four major contracts from the Land Transport Authority, which is a testament to our commitment to the River Valley Green Residences and our capability to undertake such projects. We are confident that we will be able to complete these projects on time.”

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The River Valley Green Residences are set to benefit from OKP Holdings’ recent contract win from the Land Transport Authority (LTA). With a $12.7 million contract for ad-hoc improvement of road-related facilities, road structures, and road safety schemes for the Western sector, OKP’s wholly owned subsidiary Eng Lam Contractors will be involved in improving the roads and cycling paths.

This 18-month contract is set to be completed by April 30, 2025 and is the fourth contract awarded to the firm from LTA. Altogether, OKP’s construction order book stands at $596.4 million, with contracts extending until 2026, benefitting not only the River Valley Green Residences, but other parts of Singapore as well.