CSC Holdings on a winning roll

Its order book total rises to $270 million with its newly won Tuas West Extension foundation contract.

This is the fifth contract win over six months for the Mainboard-listed foundation and geotechnical engineering company. CSC Holdings has been contracted to construct barette piles for an MRT station under Tuas West Extension project with construction to commence this month and expected to finish mid-2013.

"The Tuas West Extension project is an extension of the East-West MRT Line from Joo Koon station, and consists of a 7.5 km long twin-tracked MRT viaduct, four aboveground stations and a depot. The MRT stations – Tuas, Tuas Crescent, Tuas West and Tuas Link – will improve the MRT connectivity in the Tuas area once it is completed. The MRT viaduct will also be integrated with a road viaduct along Pioneer Road to reduce congestion in the Tuas West area. According to the LTA, when operational in 2016, the Tuas West Extension is expected to serve some 100,000 commuters daily," said CSC Holdings in a release.

"Apart from the MRT contract, the Group has also secured several foundation contracts from the residential sector, including the private developments Sky Habitat at Bishan and Riversound Residence in Sengkang, Twin Waterfalls, an executive condominium in Punggol as well as a new public housing project in Sengkang. In addition, CSC is also constructing the foundations for a 5 storey ramp–up warehouse at Benoi Sector and the widening of the Keppel Road viaduct," it said.

"On the regional front, the Group secured foundation contracts for private residential developments in Taman Tun Dr Ismail and Damansara Perdana in Selangor, Malaysia and an industrial development at Bangkhae District of Bangkok, Thailand. These newly secured contracts since December 2011 are worth in excess of $100 million. For financial year ended 31 March 2012, CSC has secured more than $ 440 million worth of contracts for foundation works," it added.

"As at 9 April 2012, CSC’s order book stands at approximately $270 million with the bulk of the contracts expected to be substantially completed in the next few quarters," it said further.

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