BBR clinches S$139.6m contract from URA

Mainboard-listed BBR Holdings has secured a second contract worth S$139.6 million from the Urban Redevelopment Authority (URA).

This is to construct Phase 3B of the Proposed Common Services Tunnel at Marina Bay.

The group said the latest contract was awarded to BBR’s wholly-owned subsidiary, Singapore Piling & Civil Engineering.

The scope of works includes completion of the CST Box Tunnel and backfill at Sheares Avenue and Central Boulevard as well as sewerage works.

The purpose-built tunnel network will house and distribute various utility services to the 360-hectare waterfront development at Marina Bay.

The 20-km tunnel system is constructed at an average depth of 15 metres below ground level.

BBR secured its first contract worth S$189.6 million for Phase 3A of the Common Services Tunnel in December 2007. It said this is scheduled for completion in the second half of next year.

The group added that with the latest win, its order book will be strengthened to S$520 million, with projects lasting up to 2014.

Source : Channel NewsAsia – 7 May 2010

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