Yongnam Holdings, the structural steel contractor and specialist engineering solutions provider, says it has been awarded its fourth contract, valued at $21.5 million, for the Marina Coastal Expressway (MCE). With this latest contract win, the group says it has so far secured contracts worth a total of $283 million for the expressway project.

Yongnam will support main contractor Samsung C&T Corporation through the installation and removal of temporary steel strutting and walling works for the wide and deep tunnel excavation. The contract is targeted for completion by September 2012.

The dual five-lane, 5km long MCE is a strategic underground east-west transport link between three major expressways, catering to the projected increase in traffic volume generated by the high-density developments in the Marina Bay area.

Part of the expressway will run underneath the seabed, just 150 metres away from the Marina Barrage, which needs to be opened periodically to allow water to flow out during heavy rain.