CATALIST-listed engineering solutions provider Koh Brothers Eco Engineering was awarded a S$77.6 million contract by Sport Singapore (SportSG) through its wholly owned subsidiary, Koh Brothers Building & Civil Engineering Contractor (KBCE).
Under the 18-month contract commencing Nov 19, KBCE will be responsible for piling, ground improvement and earth retaining stabilising structure installation at the Toa Payoh Integrated Development site.
This includes constructing foundation piles and stabilising structures according to specifications at the existing Toa Payoh Stadium site that was previously occupied by a restaurant, car parks, ancillary buildings and the Toa Payoh Sports Complex.
Koh Brothers Eco on Tuesday (Nov 19) said it expects the work to be completed by May 2027.
Its latest contract with SportSG, on top of other recently secured new orders since Jun 30 this year, is estimated to lift the group’s order book to an estimated S$585.7 million till 2027.
Koh Brothers Eco chief executive Paul Shin noted that it also represents the group’s first contract with SportSG.
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“We will continue to leverage our deep expertise in construction and civil engineering to capitalise on the strong demand in the public sector,” said Shin.
He added that the group’s order book remains well-supported by ongoing contracts with Singapore’s public utilities and housing boards.
As KBCE holds an A1 grade from the Building and Construction Authority for both building and civil engineering categories, the company is allowed to tender for building and civil infrastructure projects of unlimited value.
Major public infrastructure projects that KBCE has participated in include the development of River Valley High School and a hostel at Boon Lay Avenue (both commissioned by the Ministry of Education). It also constructed the Singapore Civil Defence Force Headquarters Complex in Ubi, which was commissioned by the Ministry of Home Affairs.
The upcoming Toa Payoh Integrated Development is scheduled for completion in 2030 and will comprise sports, healthcare, library and park facilities.
Plans for the project were first announced in early 2023 by SportSG, which said it also intends to house the national training centres for aquatics, netball and table tennis there.
Other proposed facilities within the 12-hectare development – located between Lorong 6 Toa Payoh and the Pan-Island Expressway – include swimming pools, indoor sports halls, a football stadium and a gymnasium.
Shares of Koh Brothers Eco ended flat on Tuesday at S$0.029, before the announcement of its latest contract win.
