Punj Lloyd arm bags order worth Rs 1,119.2 cr in Singapore

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New Delhi, Feb 14 (UNI) Punj Lloyd Ltd today said its wholly-owned subsidiary company 'Sembawang Engineers&Constructors Pts Ltd' has been awarded Rs 1,119.2 crore (400 million Singapore dollar) contract by Marina Bay Sands Pte Ltd.

The contract is to construct and build the north podium of Marina Bay Sands integrated report comprising to casino, theatres and retail arcades in Singapore, said a statement.

Work on this project is expected to start this month and will be completed by April 2009.

Punj Lloyd Group Chairman Atul Punj said in a statement ''With immense opportunities in the Engineering, Procurement and Construction (EPC) space and a healthy order book we look forward to achieving higher success with the help of our group companies in the near future.'' The project is to build the substructure and superstructure of this mega resort which will have four upper levels and a four-storey basement.

Sembawang is well placed to handle this project as it is also constructing the new Downtown Line Bayfront MRT station in Marina Bay which will connect directly to the resort's MICE (Meetings, Incentives, Conventions and Exhibitions) centre.

Fronting Marina Bay, the 5-billion Singapore dollar Marina Bay Sands integrated resort stands out with its striking architectural features.

The resort is developed by the Las Vegas Sands Corporation that also built and owns 'The Venetian' in Las Vegas and Macau.

Upon opening in late 2009, the Marina Say Sands will also feature hotel rooms housed in three soaring towers with a sky park connecting the towers and offering fantastic views of the bay and the financial district.

There will also be an International class casino, MICE facilities, acclaimed restaurants, and an Art Science Museum.

With this, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 17,132 crore.

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