Tritech Engineering awarded $4.22m site investigation contracts

Contracts involve West Jurong Channel cable tunnel construction.

In a notice to the Singapore Exchange, Tritech Group Limited announced that the Company’s wholly-owned subsidiary, Tritech Engineering and Testing (S) Pte Ltd (“Tritech Engineering”), had on 31 December 2012, been awarded a S$2.09 million contract for Horizontal Directional Coring (“HDC”) Site Investigation Works for Jurong Island – Pioneer Cable Tunnels (Contract No. 9120568) (the “HDC Contract”) and a S$2.13 million contract for Detailed Soil Investigation Works for Jurong Island – Pioneer Cable Tunnels (Contract No. 9120569) (the “Soil Investigation Works Contract”), both by SP PowerAssets Limited (“SPPA”) (the “Contracts”).

The Contracts are in relation to the proposed construction of a cable tunnel, from the northwest of Jurong Island to Pioneer Road on mainland Singapore, to house SPPA’s 400kV transmission cables.

Tritech Engineering has been appointed by SPPA under the HDC Contract to, inter alia, investigate the ground conditions along a portion of tunnel route alignment beneath the West Jurong Channel where there are certain restrictions in conducting conventional vertical boreholes. A 1.3 kilometres long HDC corehole is to be drilled commencing from a launch site location on Jurong Island adjacent to the foreshore of the West Jurong Channel to a point along the proposed alignment. The HDC corehole will follow the future tunnel alignment in this area.

The contract period is approximately 5.5 months, commencing from 31 December 2012 and is expected to be completed by 15 June 2013. There is no further defect liability period in relation to the HDC Contract.

Tritech Engineering has been appointed by SPPA under the Soil Investigation Works Contract to, inter alia, investigate the ground conditions along the tunnel route alignment across Jurong Island and mainland Singapore and the West Jurong Channel. Exploratory holes comprising both wash-boring and coring investigation methods are to be drilled.

The contract period is approximately 4.5 months, commencing from 31 December 2012 and expected to be completed by 15 May 2013. There is no further defect liability period in relation to the Soil Investigation Works Contract.

The Contracts are not expected to have any material impact on the consolidated earnings per share and/or net tangible assets per share of the Group for the current financial year ending 31 March 2013.

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