CSC AWARDED TUAS WEST EXTENSION FOUNDATION CONTRACT Order Book Increases to $ 270 Million
Total Page:16
File Type:pdf, Size:1020Kb
CSC HOLDINGS LIMITED Co Registration No. 199707845E FOR IMMEDIATE RELEASE CSC AWARDED TUAS WEST EXTENSION FOUNDATION CONTRACT Order Book Increases to $ 270 Million SINGAPORE, 10 April 2012 – Mainboard-listed foundation and geotechnical engineering specialist, CSC Holdings Limited (the “Group” or “CSC”) has been awarded yet another foundation contract for a Mass Rapid Transit (“MRT”) station under the Tuas West Extension project. The Group has been contracted to construct barrette piles for an MRT station under the Tuas West Extension project. Construction is expected to commence in April 2012 and is expected to complete by mid 2013. The Tuas West Extension project is an extension of the East-West MRT Line from Joo Koon station, and consists of a 7.5 km long twin-tracked MRT viaduct, four aboveground stations and a depot. The MRT stations – Tuas, Tuas Crescent, Tuas West and Tuas Link – will improve the MRT connectivity in the Tuas area once it is completed. The MRT viaduct will also be integrated with a road viaduct along Pioneer Road to reduce congestion in the Tuas West area. According to the LTA, when operational in 2016, the Tuas West Extension is expected to serve some 100,000 commuters daily. This is the fifth contract in six months secured by CSC for the construction of foundation piles for MRT stations. The other contracts secured earlier were in relation to four MRT stations under the Downtown Line 3 MRT project. Apart from the MRT contract, the Group has also secured several foundation contracts from the residential sector, including the private developments Sky Habitat at Bishan and Riversound Residence in Sengkang, Twin Waterfalls, an executive condominium in Punggol as well as a new public housing project in Sengkang. In addition, CSC is also constructing the foundations for a 5 storey ramp–up warehouse at Benoi Sector and the widening of the Keppel Road viaduct. 10 April 2012 – CSC Awarded Tuas West Extension Foundation Contract Page 1 of 2 CSC HOLDINGS LIMITED Co Registration No. 199707845E FOR IMMEDIATE RELEASE On the regional front, the Group secured foundation contracts for private residential developments in Taman Tun Dr Ismail and Damansara Perdana in Selangor, Malaysia and an industrial development at Bangkhae District of Bangkok, Thailand. These newly secured contracts since December 2011 are worth in excess of $100 million. For financial year ended 31 March 2012, CSC has secured more than $ 440 million worth of contracts for foundation works. As at 9 April 2012, CSC’s order book stands at approximately $270 million with the bulk of the contracts expected to be substantially completed in the next few quarters. About CSC Holdings Limited CSC Holdings Limited (SGX: C06) is Singapore’s largest foundation and geotechnical engineering specialist, and one of the region’s leading ground engineering solutions providers for private and public sector work, which include residential, commercial, industrial and infrastructure projects. The Group operates principally as a foundation and geotechnical specialist and offers a full range of capabilities in this field, including the construction and installation of large diameter bored piles, diaphragm walls, driven piles, jack-in piles, micro piles, soil improvement works, soil investigation, pile testing and instrumentation services, as well as automatic tunnel and structural monitoring survey. More information on CSC Holdings can be found at www.cschl.com.sg For further enquiries , please contact: Mr Lee Quang Loong Ms Alvina Tan CSC Holdings Limited Ark Advisors Pte Ltd DID: +65 6500 4755 DID: +65 6338 8081 Email: [email protected] Email: [email protected] 10 April 2012 – CSC Awarded Tuas West Extension Foundation Contract Page 2 of 2 .