Construction

A hefty part of President Duterte’s unparalleled public investments on his watch will be devoted to infrastructure servicing the tourism industry in keeping with his goal of transforming this sector into one major engine of growth to sustain the Philippines’ momentum as one of Asia’s fastest-growing economies. 

The Department of Public Works and Highways and the Manila North Tollways Corp. (MNTC) signed the concession agreement for the implementation of the North Luzon Expressway-South Luzon Expressway (NLEX-SLEX) Connector Road under the Public-Private Partnership (PPP) project. 

The proposed com­prehensive tax re­form program, if ap­proved in toto, will let the Duterte administration improve 44,000 kilometers of national and local roads; build 6,700 health centers and hire nearly 10,000 doctors, nurs­es and midwives; and attain 100 percent health insurance coverage, along with building 80,000 more classrooms and hiring 157,000 teachers over the next five years, according to Finance …

Davao City will have 10 bypass road proj­ects worth P7.6 billion in a bid to alleviate the worsening traffic situation in the city’s urban areas.

The Department of Public Works and Highways is com­mitted to complete the con­struction of Radial Road 10 (R- 10) by January 2017 to provide alternate route to Edsa and C-5 from Quezon City to Ma­nila and Pasay.

The Philippines is poised to become a major global player in engineering expertise and services as industry leaders position Filipino engineers as a “global brand” in the fast-growing, highly competitive and technology-driven construction industry.

By Weng C. Ocfemia The Department of Public Works and Highways (DPWH) in Region 13 is presently implementing the improvement and widening of one of the most critical bridges in the development of Agusan del Sur and completed the upgrading of a circumferential road in Surigao del Norte.

The Gotianun-led conglomerate Filinvest Development Corp. grew its net profit in the first nine months by 21 percent year-on-year to P5.9 billion on the back of earnings from the banking and property businesses.

The Social Security System (SSS) is looking at investing in infrastructure as a source of additional revenue that will enable the fund to grant higher pensions and benefits for its growing membership and beneficiaries, citing that this is the start of an “economic revolution.”

The Public-Private Partnership Cen­ter (PPPC) has wel­comed the decision of the Securities and Ex­change Commission (SEC) to approve the supplemental listing and disclosure rules for private partners of PPP infrastructure projects. The pronouncement of the SEC allows companies engaged in PPP projects to tap the capital market in order to address the challenge of having alternative financing options for PPP …