Tuesday, September 30, 2014

Tiong Seng wins $107.7 million PUB contract to construct Stamford diversion canal

Tiong Seng Holdings says wholly-owned subsidiary, Tiong Seng Contractors, has been awarded a contract from PUB, the national water agency, for the proposed construction of the Stamford Diversion Canal Phase 2.

The project involves the construction of the canal from Grange Road at the Orchard Boulevard junction to River Valley Road.

The contract is worth $107.7 million and will start in November.

Pek Lian Guan, CEO of Tiong Seng Holdings Limited said, “We are excited about winning this complex civil engineering project. It demonstrates our capabilities in performing a spectrum of construction projects. We are confident in leveraging on our expertise in civil engineering jobs to complete the project successfully.”

Tiong Seng is up 0.6% at 18.3 cents as of 1:07 p.m. Singapore time.

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