OKP Holdings, the infrastructure and civil engineering firm, has secured its first contract win for the year — a $5.2 million contract from the Jurong Town Corporation (JTC) — for construction and maintenance works at Tuas South Avenue 12 and Tuas South Avenue 14 (Tuas View Extension - Phase 1).

The project was awarded to OKP’s wholly-owned subsidiary, Eng Lam Contractors Co., and is scheduled to begin in March and targeted for completion in June 2011. The scope of works includes construction and maintenance works of carriageways, drains and pipes, footpaths, traffic signages and street lightings as well as landscaping works such as turfing and tree-planting.

Public sector works have been the mainstay of OKP’s business and in last year, it garnered a total of $148.6 million in government contracts. These included the Public Utilities Board’s drainage improvement works, the widening of the Central Expressway for the Land Transport Authority, the Urban Redevelopment Authority’s project for environmental improvement works at Siglap Village, Upper Serangoon Road and Kampong Sireh and the National Parks Board’s project for the construction of park connectors.

In addition, the group is also involved in a project for Foster Wheeler Asia Pacific and WorleyParsons to carry out civil works on Jurong Island.

As at 26 February, OKP’s order book stood at $271.8 million with projects lasting up to 2011.

Just last week,OKP says it achieved a net profit after tax and minority interest of $14.4 million for FY2009, up 52% from the previous financial year, and turned in a record revenue of $130 million.