The Land Transport Authority (LTA) has awarded civil contracts for the design and construction works for two stations and associated tunnels under the Cross Island Line Phase 1 (CRL1) in Singapore.
The first contract, valued at US$467 million and covering the design and construction of Defu station and tunnels, was awarded to Gamuda Berhad Singapore Branch - Wai Fong Construction Pte Ltd Joint Venture. The second contract, valued at around US$397 million, covers the design and construction of Tampines North station and tunnels. It has been awarded to China Communications Construction Company Limited.
Construction works for Defu and Tampines North stations are expected to start in the second quarter of this year, with passenger service for CRL1 planned to commence in 2030.
Country updates
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January 21, 2022
Singapore awards two civil contracts for Cross Island Line
The Land Transport Authority (LTA) has awarded two civil contracts for the design and construction of the Cross Island Line Phase 1 (CRL1) stations and tunnels with a combined contract value of HKD861...
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November 19, 2021
Second close for USD455 mn Keppel-Pierfront Private Credit Fund
Pierfront Capital Fund Management Pte. Ltd. (Pierfront Capital), a Singapore-based fund manager, has announced the second close of the Keppel-Pierfront Private Credit Fund. With additional investor c...
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October 04, 2021
AIIB approves US$150 mn investment to Keppel-Pierfront Private Credit Fund
The Asian Infrastructure Investment Bank (AIIB) has approved the investment of US$150 million in the Keppel-Pierfront Private Credit Fund. The AIIB has invested as a limited partner investor of the f...
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July 27, 2021
Singapore awards contract for first phase of Cross Island Line
The Land Transport Authority (LTA) in Singapore has awarded the contract for the first phase of the Cross Island Line (CRL) mass transit rail to the joint venture (JV) of Gammon Infrastructure and&nbs...
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June 17, 2021
AIIB supports Bayfront's infrastructure securities
The Asian Infrastructure Investment Bank (AIIB) has announced a commitment of US$60 million to Bayfront Infrastructure Management’s (Bayfront) debut issuance of infrastructure asset-backed secur...
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