Construction

Real estate developers and locators in the Bases Conversion and Development Authority (BCDA) have expressed support for the proposed bills amending Republic Act 7227.      Filinvest Land Inc. (FLI), Ayala Corp., Megaworld Corp., and Hann Development Corp. (HDC) stressed  that such measure would allow the state-run firm to continue ushering sustainable economic growth, drive investments, and generate jobs for …

Five more public-private partnership (PPP) projects worth around P28 billion are expected to be awarded this year and early 2025. According to a government agency. these projects are mostly pushing for the modernization of several airports to decongest the capital region and boost the tourism sector.  In a report, the Public-Private Partnership (PPP) Center said among the projects with an  estimated …

The Department of Finance has secured funding from the South Korean government for three major infrastructure projects aimed at improving mobility and boosting economic growth in Luzon and the Visayas. Finance Secretary Ralph Recto  said  on of the   three projects sealed was the $111.427 million (about P6.34 billion) financing agreement for the Samar Pacific Coastal Road II Project, which …

The Manila Electric Co  (MERALCO) and South Korea’s Doosan Enerbility Co. Ltd. will explore strategic collaborations on developing, low carbon energy projects in the Philippines, including nuclear power. This was  finalized afterthe two groups signed a memorandum of understanding (MOU) in line with their respective commitments to drive innovation and sustainability in the energy industry. Based on the MOU, the …

The Bases Conversion and Development Authority (BCDA)  signed a partnership agreement with Australian zero-emissions aircraft designer and manufacturer, AMSL Aero, to explore a new zero-emissions aircraft industry and provide the catalyst for a hydrogen production in the Philippines. The partnership with BCDA and AMSL Aero involves collaboration and knowledge sharing to develop an ecosystem for low-cost zero-emissions aircraft and hydrogen …

A P40-million classroom building in Babag 1 Elementary School in Cebu has started to provide an additional eight classrooms to the school, which was among those heavily damaged by Typhoon Odette in 2021. Officials from Lapu-Lapu City led the groundbreaking of the new four-story building early this month.   It is expected to be completed by April next year. The …

AYALA Healthcare Holdings Inc. (AC Health) is constructing a new warehouse at the Cavite Technopark as it expands its pharma importation business. AC Health said IE Medica, a pharmaceutical importer and distribution company, is building a new facility that would play a key role in supporting the company’s long-term vision of increasing efficiency and enhancing supply chain solutions. The warehouse …

The Philippines was identified as the number one most disaster-prone country in the world, according to 2023 World Risk Index. Department of Environment and Natural Resources Undersecretary Marilou Emi said this ranking highlights the country’s extreme vulnerability to natural hazards and the significant risks it faces from disasters such as typhoons, earthquakes, and volcanic eruptions. The index underscores the urgency …

The National Food Authority will build modern post-harvest facilities to prevent rice wastage as it is poised to implement its P93-billion infrastructure modernization program in the coming years. NFA Administrator Larry Lacson said the first phase of the project will be bid out before the year ends. “Once completed, these infrastructures will not only provide modern facilities, more importantly, it …

More than P2 billion was allotted by the Department of Public Works and Highways (DPWH) for the construction of Tacloban Causeway project which will provide a shorter route from the city’s downtown to the airport. DPWH-Eastern Visayas Director Edgar Tabacon said the total budget for the construction is P2.8 billion.  “The vision is not just to build infrastructure, but to …