Koh Brothers awarded contract to build part of Punggol Waterway

Construction firm Koh Brothers has won a contract to build the first part of the Punggol Waterway in Punggol Town.

The contract, which is awarded by the Housing and Development Board (HDB), is worth S$144.6 million.

Under the deal, Koh Brothers will build a 2.4-kilometre waterway and its related engineering works in Punggol Town.

The waterway, which will have a promenade on both banks, will be connected to Sungei Punggol.

The Punggol Waterway is part of a larger project by HDB towards making Punggol a vibrant people-centred township.

With the latest deal, Koh Brothers said it would have total contracts-in-hand of over S$690 million.

Work on the project will start next month and is expected to be completed by fourth quarter 2010.

Koh Brothers expects the contact to have a positive material impact on its financial performance for the year ending December 31, 2009.

Source : Channel NewsAsia – 28 Jan 2009

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