Construction

Pangasinan looks forward to boosting its local economy and attracting more tourists to their area as the planned 42.76-kilometer expressway linking the eastern and western sides of the province is underway. About three kilometers of the P34-billion Pangasinan Link Expressway (PLEx) have already undergone backfilling to form part of the four-lane expressway that starts from Binalonan town to the capital …

Due to the growing demand for air travel, concessionaire led by San Miguel Corp (SMC) is set to build a new passenger terminal at the Ninoy Aquino International Airport (NAIA) in three years. SMC President and CEO Ramon Ang said the project would enable Filipinos to feel the benefits of privatizing NAIA as early as possible. The New NAIA Infrastructure …

Around two dozen solicited projects are being processed by the Public-Private Partnership (PPP) for submission to the National Economic and Development Authority-Investment Coordination Committee (NEDA-ICC) for approval. In a press conference, PPC Center Executive Director Ma. Cynthia Hernandez said that out of more than 180 infrastructure flagship projects (IFPs), around 45 are PPPs. “These are in various stages of development. …

To improve connectivity of remote islands and beef up economic and disaster resilience, an additional 200 seaports worth a total of P12.5 billion are being programmed across the country up to 2028. Transportation Undersecretary for maritime sector Elmer Sarmiento said these terminals were just small in capacity to accommodate the needs of fishing boats and roll-on/roll-off (Ro-Ro) vessels. “We have …

Recognizing its strategic significance and proximity to Taiwan, the provincial government of Batanes announced recently the construction of a civilian port that will be funded by the United States. Batanes Gov. Marilou Cayco said that the US Army will arrive in April to further discuss the plan that aims to accommodate Filipino workers from Taiwan in the event of a …

The Bases Conversion and Development Authority (BCDA) has secured four agreements worth P86 billion with Australian companies that will focus on smart city solutions. In a statement, BCDA said that the agreements signed cover the sectors of information and communications technology (ICT), energy, and infrastructure. BCDA President and Chief Executive Officer Joshua Bingcang said the agreements will benefit not just …

Ayala Land Inc. (ALI), the property development unit of Ayala Corp., is consolidating with at least 34 subsidiaries as part of an internal restructuring plan to simplify management and ownership structures. The Board of Directors of Ayala Corp approved its consolidation during a special meeting last week. ALI has direct ownership of 24 entities, while the others are owned indirectly …

Aboitiz InfraCapital is optimistic that its unsolicited proposal to operate and maintain the Laguindingan International Airport has a strong fighting chance against potential rivals. In an interview, Cosette Canilao, president and CEO of the Aboitiz Group’s Infrastructure arm, said they are confident with the proposal that allowed them to secure an original proponent status (OPS) in 2019. She said that …

Over a hundred US companies are interested in exploring investment opportunities in Clark, according to the Bases Conversion and Development Authority (BCDA). The BCDA, in a statement, said American firms have expressed interest in exploring investment opportunities in connective infrastructure, information and communication technology, and the critical minerals sector. BCDA Chairman Delfin Lorenzana and BCDA President and CEO Joshua Bingcang …

PH1 World Developers, a subsidiary of Megawide Construction Corporation, and real estate firm ProFriends recently signed an agreement to execute a joint venture in Imus City to create the “Metro Living with Nature Concept”. The joint venture will build One Lancaster Park (OLP) featuring nine eight-story buildings with basement parking. Under the agreement, PH1WD will develop and operate OLP’s inaugural …