PROPERTY and construction company Koh Brothers yesterday said it has won a $78.9 million contract from the Ministry of Education (MOE) to build the River Valley High School and Hostel complex at Boon Lay Avenue.
'With this project, we have achieved total contracts in hand of $849 million up to 2011' - Koh Brothers' CEO Francis KohUnder the contract, KohBrothers will build a comprehensive range of teaching and hostel facilities.
These will include the construction of eight low-rise blocks which will house classrooms, a library, laboratories, and a canteen, among others. There will also be an850-seat auditorium.
In addition, two 12-storey and one 15-storey hostel blocks will be built to offer about 246 dormitory units complete with facilities.
Work on the project will start this month and is expected to be completed by August2009, Koh Brothers said.
'With this project, we have achieved total contracts in hand of $849 million up to 2011,' said the company's chief executive Francis Koh. 'Moving forward, we believe that we are on track to securing projects of highercontract values and are confident of delivering quality construction services to our customers.'
The company has undertaken numerous construction and infrastructure projects, including current mega projects such as the Changi Water ReclamationPlant, Marina Barrage and Common Service Tunnel in Marina Bay. Koh Brothers is also a niche property developer.
The company's shares lost 3.5 cents - or 7.7 per cent - to close at 42 cents yesterday. The stock has gained 31.3 per cent since thestart of the year, compared with a 16.5 per cent gain in the benchmark Straits Times Index.
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