SINGAPORE (Oct 16): TEE International’s wholly-owned subsidiaries, PBT Engineering and Trans Equatorial Engineering, have been awarded new engineering contracts worth $58 million to carry out asset enhancement initiative (AEI) and mechanical & electrical (M&E) works for both repeat and new clients.

These include PBT’s appointment by Changi Airport Group (CAG) for the replacement of fixed gangways and addition & alteration (A&A) works at Changi Airport terminals 1-3, as well as other AEI contracts awarded to PBT to carry out A&A works at the Singapore Institute of Technology’s Dover campus.

For TEE International’s M&E division, Trans has been subcontracted to provide supply, installation, testing & commissioning of electrical & extra-low voltage services for Lum Chang Building’s nine-storey light industrial development at Woodlands Avenue.

Trans also secured a project-term contract for Singtel Data Centres, which TEE expects to provide a source of recurring income for its engineering business as it spans a period of three years with the option to extend for a further two years.

In a Tuesday filing, the group estimates that its latest contract wins brings the group’s total outstanding order book to $304 million.  

“In May 2017, we have successfully completed phase 2 of the replacement and A&A works for fixed gangways at Changi Airport Terminals. We are encouraged to be appointed to carry out phase four of the project, and remain committed in executing and delivering the project on time,” comments Eric Phua, TEE Deputy Group Managing Director & Managing Director of Engineering, on PBT’s contract win from CAG.

Shares in the group closed flat at 19 cents on Monday.