Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says the group has been awarded its second contract for the MRT Downtown Line 2 (DTL 2) valued at $27.5 million.

The contract is part of the C921 contract package, one of several packages for the DTL 2.

Contract 921 comprises the Rochor Station, located under the Rochor Canal, and the Little India Station, which is an interchange station, and will serve commuters in the Sim Lim Square, Sim Lim Tower, Tekka Mall and Golden Wall Centre area.

Yongnam will support the main contractor, Ssangyong Engineering & Construction Co. Ltd in the supply, lease and installation of sheet piles, soldier piles and king posts for Little India Station, Rochor Station and the tunnel between the two stations.
Work on the contract is expected to be completed in September 2015. It is not expected to have a significant impact on the Group’s financial performance for the year ending December 31, 2010.

Seow Soon Yong, Chief Executive Officer of Yongnam, says: “This contract is the second project we have secured for the DTL 2 project. This will bring the total contract value of projects that Yongnam has secured for the DTL 2 project to $52.5 million. We are very pleased to be involved with the MRT project, which is one of Singapore’s major infrastructural projects. We will continue to enhance our track record and build up our brand name as we fortify our experience with these MRT projects.”

The 16.6km long Downtown Line 2 comprises of one depot and 12 stations including three interchange stations. DTL 2 will link to the North-East Line, the North-South Line and the Circle line, giving commuters greater accessibility to the rest of Singapore and significantly reduce travelling time.