Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says the group has been awarded its third and fourth contracts for the MRT Downtown Line 2 (DTL 2) valued at $56.5 million.

Seow Soon Yong, Chief Executive Officer of Yongnam, says: “We are heartened by these contract wins as they serve as testaments to the confidence that our business partners have in us. We will leverage on our expertise and technical know-how in this area to further enhance our track record in the business.”

Last month, Yongnam announced its second contract win for the DTL 2 valued at $27.5 million, which was for the supply, lease and installation of sheet piles, soldier piles and king posts as part of the package for Contract 921. These latest contract wins are valued at $56.5 million and will be for the supply, installation and removal of struts and walers, as well as RC decking. In addition to Yongnam’s first DTL 2 contract win in August this year for the C918 contract package valued at $25.0 million, the total contract value that Yongnam has secured for the DTL 2 project amounts to $109.0 million.

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.

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, installation and removal of struts and walers, as well as RC decking 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.