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 million (US$110.50 million).
Worth HDK454 million (US$58.31 million), the first contract has been awarded to Hock Lian Seng Infrastructure Pte. Ltd. It covers the design and construction of Serangoon North station and tunnels. The station is wider than usual as there will be three railway tracks instead of two, with the additional track being used to facilitate the withdrawal or parking of trains.
The second contract for the design and construction of Tavistock station and tunnels has been awarded to Sato Kogyo (S) Pte. Ltd at a contract value of HDK407 million (US$52.28 million). Tavistock station is located along the busy roads of Ang Mo Kio Avenue 3 and is surrounded by residential and commercial properties.
Country updates
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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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June 02, 2021
AIIB to invest US$150 million in Keppel-Pierfront Private Credit Fund
The Asian Infrastructure Investment Bank (AIIB) has committed a US$150 million investment in Keppel-Pierfront Private Credit Fund to support the infrastructure projects in the Asia Pacific. Out of US$...
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