BRC Asia secures contracts for Changi Airport Terminal 5 project worth S$570 million

[SINGAPORE] BRC Asia has secured around S$570 million worth of contracts for the Changi Airport Terminal 5 project, the company said on Monday (Jul 14).

This will bring the company’s total outstanding sales order book to S$2 billion as at Jul 14, and extend revenue visibility through to 2029, it said in a bourse filing.

Under the agreements, BRC Asia will supply steel reinforcement for the substructure of Terminal 5.

The contracts were awarded by the joint venture between the Singapore branch of China Communications Construction Company and Obayashi Singapore.

Participation in major domestic infrastructure projects reinforces the company’s market leadership, said BRC Asia.

The company remains confident in capturing a bigger piece of the pie as more public projects enter the tender pipeline, it added.

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Shares of BRC Asia closed flat at S$3.33 on Monday, before the announcement.