The construction of a new German European School Singapore (GESS) at Dairy Farm Road is set to commence next month after a subsidiary of Singapore-listed TA Corporation secured a $94 million contract to undertake the project.
This brings the order book for the group’s construction business to approximately $300 million.
“This new construction contract from GESS marks an exciting start to 2016, and further validates our capabilities and reputation as a top-tier construction company,” said Neo Tiam Boon, Chief Executive Officer and Executive Director of TA Corporation.
“We remain sanguine on opportunities within the Singapore construction industry,” he added.
Some of the group’s notable educational developments include the iconic School of the Arts (SOTA) and the Singapore American School.
The latest contract is not expected to have a material impact on the net tangible assets and earnings per share of the group for the current financial year.
Completion of the GESS is expected within 25 months.