Monday, June 23, 2008

Lian Beng Wins $117 Mln Construction Projects

Source : The Business Times, June 23, 2008

Construction firm, Lian Beng Group Ltd, has won three new construction and civil engineering contracts worth a total of $117 million.

Among the contracts were two construction projects for the private residential sector.

The first of which was a $36.2 million contract awarded by Sing Holdings (Bellerive) Pte Ltd for the construction of Bellerive Condominium, a private residential development located at the junction of Keng Chin Road and Ewe Boon Road.

Work on Bellerive Condominium will involve the construction of 51 apartment units within a 15-storey block, and is scheduled to be complete by July 2010. The cost of constructing the Bellerive development works out to about $585 per sq ft.

Separately, the group won a $50.4 million contract from Lafe (Emerald Hill) Development Pte Ltd, to construct 33 private residential apartments at Emerald Hill Road.

The construction cost of the Emerald Hill development is estimated to be $668 per sq ft and work at this development is expected to be complete around the fourth quarter of 2010.

The group has also secured a $30 million civil engineering project, which was awarded by the Public Utilities Board, for a part of Singapore's network of NEWater pipelines.

For this project, Lian Beng has teamed up with Ri Dong Corporation Pte Ltd in a 50-50 joint-venture.

The civil engineering project will involve the design and construction of a NEWater pipeline running from Changi NEWater Plant to Jurong, Tuas and Jurong Island.

Work on the NEWater pipeline project is expected to be complete in July 2009.

With these latest contract wins, Lian Beng's orderbook stands at about $800 million. -- BT Newsroom

No comments: