OKP Holdings Ltd (SGX: 5CF), a leading civil engineering and infrastructure specialist, has solidified its position as a key beneficiary of the Singapore Green Plan 2030 with the securing of its largest contract to date, valued at S$258.3 million. The contract, awarded by the Land Transport Authority (LTA) on May 23, 2025, is for the construction of new cycling path networks across the island's East Region.

This significant contract win underscores the government's sustained commitment to achieving sustainable living and building a car-lite society by expanding Singapore's cycling network from 730km to approximately 1,300 km by 2030.

Market reaction to OKP's strong operational performance and consistent contract securing has been profoundly positive. The company's share price has appreciated by over 250% this year, reflecting investor confidence in OKP’s ability to execute large-scale, specialised infrastructure projects aligned with national development objectives. The substantial contract value provides a solid earnings baseline for the company over the coming years, positioning it as a major player in Singapore's transition to green mobility.

Financial and Operational Impact

The new LTA project is the fourth cycling path network contract OKP has secured, bringing the total value of LTA contracts for this specific infrastructure segment to S$617.8 million. The announcement of this record contract win immediately galvanised the market, elevating OKP’s net construction order book to an all-time high of S$735.8 million, with projects now extending to 2031, providing the Group with exceptional revenue visibility. Consequently, the company’s share price surged by over 250% across the year, reflecting strong investor confidence in OKP’s position as a leading executor of the government's green infrastructure blueprint. Strong operational results underpin this growth trajectory. For the first half of the year ended June 30, 2025 (1H2025), OKP reported a 41.2% increase in revenue to S$104.3 million and a 56.7% increase in net profit attributable to equity holders, reaching S$19.1 million.

Contribution to the Green Plan 2030 Mandate

OKP's success is a direct consequence of Singapore's aggressive sustainability targets under the Green Plan 2030. The national mandate is to expand the island-wide cycling path network to approximately 1,300 km by 2030, making walking and cycling the preferred modes for first and last-mile connectivity. The S$258.3 million contract involves the design and construction of new paths, converting existing footpaths to shared cycling paths, and ancillary infrastructure works such as drainage enhancements and high-strength cycling path finishes. The contract's long duration and significant value reinforce OKP’s role as a critical execution partner for the Ministry of Transport (MOT) in achieving the Green Commutes pillar of the national sustainability agenda. The sustained pipeline of work confirms the LTA's accelerated effort to make cycling a safer, more convenient, and fully integrated mode of transport for both leisure and daily commuting, contributing directly to Singapore's environmental and transport planning goals.