Tiong Seng unit's JV wins $316m contract for work on Thomson Line
Published on May 28, 2014 9:03 AM
SINGAPORE - Construction group Tiong Seng said on Wednesday that a joint venture involving one of its units has won a $316 million contract.
The venture between Tiong Seng Contractors and Dongah Geological Engineering (Singapore branch) has been awarded the contract to build the Great World MRT Station and tunnels for the Thomson Line, Tiong Seng said.
Work on the project, awarded by the Land Transport Authority, is expected to start in May this year.
The project is not expected to have a material impact on the net tangible assets and earnings per share of the group for the current financial year.