Yongnam secures S$84m contracts for Marina Bay Sands IR projects

Infrastructure firm Yongnam Holdings has won two more subcontracts worth a combined S$84 million for construction works at Marina Bay Sands Integrated Resort.

The two contracts will see Yongnam build the structural steelworks for the resort’s iconic lotus-shaped ArtScience Museum, casino and theatre podium.

The latest deals come on the back of earlier contracts worth about S$178 million, announced in May 2008 and November 2007.

Both new contracts are expected to have a material impact on the group’s financial performance for financial year 2008. – CNA/ac

Source : Channel NewsAsia – 6 Jun 2008

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