Soilbuild bags Tuas Port construction contract worth $647.5 million
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Soilbuild Construction Group said that the contract has been awarded to its wholly owned subsidiary for the construction of PSA Supply Chain Hub @ Tuas.
PHOTO: AFP
Zhao Yifan
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SINGAPORE - Soilbuild Construction Group has clinched a $647.5 million construction contract, taking the group’s order book to about $1.23 billion.
In a bourse filing on June 13, the company said that the contract has been awarded to its wholly owned subsidiary, SB Procurement, for the construction of PSA Supply Chain Hub @ Tuas.
The construction project, consisting of warehouse buildings, gate buildings, main intake substation and ancillary buildings at Tuas Port, is expected to be completed by the third quarter of 2027.
It will form part of Tuas Port and will be built to achieve Green Mark Platinum Super Low Energy, an eco-sustainable rating under the Building and Construction Authority’s Green Mark certification scheme. This means that it will achieve at least 60 per cent energy savings.
Soilbuild Construction executive director Lim Han Ren said that the Tuas project “is one of the most prominent industrial projects in Singapore awarded to date this year” and that it is “also the largest construction project won by the group in its history”.
“This also marks an important landmark for the group, as the group’s order book is being propelled beyond the $1.2 billion mark for the first time,” he added.
Shares of Soilbuild Construction closed on June 13 at $0.036, up 9.1 per cent, before the announcement. THE BUSINESS TIMES
