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Another win for OKP on this niche high margin project. Based on the 2024 ST article, LTA has tendered out 4 CPN projects since 2023 (inclusive of the current one for the east region AM205) and it seems OKP has won all 4!
The prior 2023 wins provided a ballast since 2H23 and will be largely completed in 2025. This new one is much larger in size but will be spread out over a longer time (~6years compared to the 3years for the prior projects)
OKP’S WHOLLY-OWNED SUBSIDIARY SECURES RECORD S$258.3 MILLION CONTRACT FROM LTA FOR THE CONSTRUCTION OF NEW CYCLING PATHS FOR EAST REGION
- Sizeable contract encompasses design and construction of Cycling Paths for East Region (AM205)
- 72-month contract commenced in May 2025, and is expected to be completed by May 2031
OKP’s wholly-owned subsidiaries were awarded four LTA contracts for the construction of CPN, totalling S$617.8 million. This comprises the aforementioned S$258.3 million contract for the construction of new CPN in the East Region (AM205), a S$92.9 million contract for the construction of CPN in Western Singapore (AM201), a S$78.3 million contract covering the regions of Central, Kallang, Bukit Merah and Bukit Timah (AM202), and a S$188.3 million contract for works across seven towns in the East Region (AM120)
https://links.sgx.com/FileOpen/LTA%20Con...eID=847571
2024 ST article on CPN tendered out by LTA
https://www.straitstimes.com/singapore/t...st-by-2030
The prior 2023 wins provided a ballast since 2H23 and will be largely completed in 2025. This new one is much larger in size but will be spread out over a longer time (~6years compared to the 3years for the prior projects)
OKP’S WHOLLY-OWNED SUBSIDIARY SECURES RECORD S$258.3 MILLION CONTRACT FROM LTA FOR THE CONSTRUCTION OF NEW CYCLING PATHS FOR EAST REGION
- Sizeable contract encompasses design and construction of Cycling Paths for East Region (AM205)
- 72-month contract commenced in May 2025, and is expected to be completed by May 2031
OKP’s wholly-owned subsidiaries were awarded four LTA contracts for the construction of CPN, totalling S$617.8 million. This comprises the aforementioned S$258.3 million contract for the construction of new CPN in the East Region (AM205), a S$92.9 million contract for the construction of CPN in Western Singapore (AM201), a S$78.3 million contract covering the regions of Central, Kallang, Bukit Merah and Bukit Timah (AM202), and a S$188.3 million contract for works across seven towns in the East Region (AM120)
https://links.sgx.com/FileOpen/LTA%20Con...eID=847571
2024 ST article on CPN tendered out by LTA
https://www.straitstimes.com/singapore/t...st-by-2030