Punj LLoyd bags major contract in Singapore

Punj Lloyd Ltd has informed that Sembawang Engineers and Constructors Pte Ltd, a wholly owned subsidiary of the Company has won a major contract worth Rs 1272 crore for architectural, civil and structural work at the proposed Bayfront MRT station in Marina Bay in Singapore. The contract has been awarded by Land Transport Authority of Singapore.

In this regard the Company has issued the following Press Release:

"Punj Lloyd's wholly owned subsidiary, Sembawang Engineers and Constructors (Sembawang E&C), one of the largest engineering and construction Companies in Southeast Asia, has won a major contract worth SGD 463 million for architectural, civil and structural work at the proposed Bayfront MRT station in Marina Bay in Singapore.

The contract was awarded by the Land Transport Authority of Singapore. It is one of the first packages of construction works to be awarded at the planned 4.3 km downtown MRT Line in Marina Bay.

The Downtown Line 1 will have six stations. It is a critical transportation hub designed to serve workers, residents and visitors in the Marina Bay area, which will feature new icons such as the Marina Bay Sands Integrated Resort, the Marina Bay Financial Centre and Gardens by the Bay. This line will connect the existing East West line Bugle station to the existing North East line Chinatown station.

Under the terms of contract, Sembawang E&C will be constructing the Bayfront station which is key to the Downtown Line as it serves the mega Marina Bay Sands Integrated Resort Sembawang E&C will be responsible for the underground construction of Bayfront station and two pairs of tunnels for Downtown Line Stage 1. This includes architectural, civil and structural works.

The Downtown Line is in the heart of Marina Bay and the Bayfront station is a key factor contributing to the success of the development in the Marina Bay area. Bayfront will be one of the first stations to open in the Downtown Line Being a fast-paced project, the schedule will require 24-hour work days for the station to be completed in time for the opening of Marina Sands IR. With extensive experience in infrastructure projects and having built a third of all MRT and LRT stations in Singapore, Sembawang E & C is confident of completing the project on schedule.

With this, the order backlog for the Punj Lloyd group on consolidated basis has gone up to Rs 17894 crore. This is the total value of unexecuted orders as of September 30, 2007 and new orders received till date."