Koh Brothers wins S$582m contract to build Downtown Line 1

Construction and property group, Koh Brothers Group Ltd, has won a contract worth S$582 million from the Land Transport Authority (LTA) to build the Downtown Line 1 Bugis station and its associated tunnels.

Koh Brothers said this is the single largest contract it has ever clinched.

The 4.3-kilometre section of the Downtown Line 1 runs from Bugis station on the East-West Line to Chinatown station on the Northeast Line. It will serve the upcoming developments in the Marina Bay area.

The Downtown Line 1 has six stations – Bugis, Promenade, Bayfront, Landmark, Cross Street and Chinatown. Construction is scheduled to start in the first quarter of next year and complete by 2013.

Koh Brothers said the latest contract is not expected to have any material impact on its earnings for the current financial year ending December 31.

Source : Channel NewsAsia – 2 Dec 2008

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