OKP Holdings Limited announced that the Group has secured two contracts totaling approximately SGD 102.1 million from Land Transport Authority ("LTA"), for the construction of Cycling Path Networks ("CPN") and upgrading of road signs. Both contracts are awarded to OKP's wholly-owned subsidiaries. The first contract worth approximately SGD 78.3 million was awarded to Or Kim Peow Contractor (Private) Limited for the construction of four new CPN covering the regions of Central, Kallang, Bukit Merah and Bukit Timah.

The scope of work includes the construction, supervision and completion of cycling paths and shared paths along with the reconstruction/reinstatement of infrastructure (such as footpaths, covered linkways, retaining walls, drains, ramps, staircases, signages), landscaping works, lowering/raising of existing services manholes, relocation of fire hydrants and water chambers as well as other ancillary works. It also includes the design and build for road repurposing works along Bencoolen Street. The second contract worth approximately SGD 23.8 million was awarded to Eng Lam Contractors Co (Pte) Ltd. for the upgrading of road directional signs at non-expressway roads.

Work scope involves the design, fabrication and installation of new signs, removal and replacement of existing signs, replacement of existing supports including backings and foundations as well as the application of approved zinc-based protective system. The 39-month contract commenced on 19 February 2024 and is expected to be completed by 18 May 2027.