Construction

NLEX Corporation signed a P10-billion term loan facility with the Bank of Philippine Island (BPI) to fund ongoing and future projects. The loan will also be used to refinance maturing debts, according to the operators of the North Luzon Expressway and the Subic-Clark-Tarlac Expressway. Rogelio Singson, president and CEO of NLEX parent company Metro Pacific Tollways Corp, said the loan …

A new Holocaust Museum is set to rise in Montreal, Canada. One of the survivors, Eva Kuper, said she wants people to understand the power of hate and “how each of us is capable of unbelievable evil”. Kuper supports the construction of a new Holocaust Museum to reach more people. The construction has begun on Saint-Laurent Boulevard just north of …

Mexico last week launched operations on a train line that crosses the country’s narrowest point from the gulf coast to the Pacific Ocean, kicking off a flagship government project as the administration enters its last months in office. The “Inter-Oceanic Train”, which will carry both passengers and cargo on a three-hour trip from the coastal hub of Coatzacoalcos in Veracruz …

The National Economic and Development Authority (NEDA) Board has recently given the green light to set in motion four high-impact plans and projects that will greatly benefit the Filipino people. Socioeconomic Planning Secretary Arsenio Balicasan, in a Palace briefing, said President Ferdinand Marcos, Jr. already approved the P67.4 billion Dalton Pass East Alignment Road Project of the Department of Public …

The House of Representatives has passed a new bill to repeal the country’s old procurement law. A total of 251 lawmakers moved in favor of House Bill (HB) No. 9648 or the New Government Procurement Reform Act. HB No. 9648, a consolidation of five bills, including one from Speaker Ferdinand Martin Romualdez, seeks to repeal Republic Act No. 9184 or …

The National Irrigation Administration (NIA) inaugurated last week three projects that have a combined cost of P4.48 billion. One of the projects unveiled was the P1.276-billion Balbalungao Small Reservoir Irrigation Project (Balbalungao SRIP) in Lupao, Nueva Ecija. “In pursuit of innovations and modernizations in irrigation facilities, Balbalungao SRIP was constructed to irrigate 967.19 hectares of agricultural land in the barangays …

Reuters reported that the Asian Development Bank (ADB) has approved financing of up to $2.1 billion for the Philippines to construct a 32-kilometer climate-resilient bridge across Manila Bay. Said project aims to decongest the country’s capital. In a statement, ADB said the Bataan-Caviite interlink bridge would enable better mobility of goods and labor and support the development of the regional …

A pharmaceutical company recently launched a fast, modern, affordable, easy-carry,  and nano-technology aid kit known as The Fast Aid Kit – a modern first-aid kit that relieves, protects, and heals using its innovative spray technology. This differentiates it from the well-stocked first-aid kit that we’ve been always reminded to have at home at work or carry in the car or …

A local company has taken over a firm composed of three conglomerates and is set to build the world’s largest solar project. SP New Energy Corp (SPNEC), in a stock exchange filing, said it has acquired 100 percent of the shares of Prime Infrastructure Inc. in Terra Solar Philippines Inc. (TSPI) for P6 billion. Together with the shares it acquired …

The Philippine Coast Guard (PCG) announced recently that it considers building a fleet base at Subic in Zambales. According to PCG Admiral Ronnie Gil Gavan, they are now identifying possible locations of port facilities that can accommodate bigger ships. “On the issue of a port facility for these bigger ships, we are working toward the establishment of our fleet base …