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North-South Corridor contract a major win for Yongnam

PC Lee
PC Lee5/24/2018 11:04 AM GMT+08  • 2 min read
North-South Corridor contract a major win for Yongnam
SINGAPORE (May 24): Yongnam's JV with Leighton Contractors was awarded a $553.8 million contract to design and construct the North-South Corridor, the 0.64km stretch of a tunnel between Kampong Java Road and Suffolk Walk.
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SINGAPORE (May 24): Yongnam's JV with Leighton Contractors was awarded a $553.8 million contract to design and construct the North-South Corridor, the 0.64km stretch of a tunnel between Kampong Java Road and Suffolk Walk.


See: Yongnam JV wins $554 mil contract for North-South Corridor project

With the latest order win, analyst Colin Tan of CGS-CIMB Securities estimates that Yongnam's order book now stands at $308 million, above its three-year average of $290 million, based on its 30% stake in the JV. An additional $50 million in strut works on top of the 30% of N103 contract value would bring its order book to $358 million.

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