Construction

Ayala Land Inc. (ALI) has listed series one of its P50-billion debt securities program in the Philippine Dealing Exchange (PDEx)-organized secondary monetary market, the company reported recently. 

People visiting Tondol Beach in Anda, Pangasinan, will be surprised not only by the fine white-sand beach, but also by the paved road leading to the tourism destination, after Public Works and Highways (DPWH)–Pangasinan 1st District Engineer Smile D. Fermin reported the completion of the P43-million concrete paving of the Poblacion-San Jose-Namagbagan-Imbo-Tondol Road.

Before leaving office in June, President Aquino can still generate more than P1 billion in private funds for improvement of water services to 20 million Filipinos with just a stroke of a pen, according to Sen. Ralph Recto. 

The national budget will fund P586 million of the total P4.9 billion cost for the construction of the pioneering Panguil Bay Bridge project in Northern Mindanao, the Department of Budget and Management (DBM) said during the ceremonial signing Friday of the loan agreement between the government and the Export-Import Bank of Korea-Economic Development Cooperation Fund (Kexim-EDCF). 

The Department of Budget and Management (DBM) announced that P16.7 billion will be allocated in the 2017 national budget to implement Bottom-up Budgeting (BuB) and the Konkreto at Ayos na Lansangan ang Daan Tungo sa Pangkalahatang Kaunlaran (Kalsada) program for cities nationwide. 

The Department of Interior and Local Government (DILG) continues to provide technical assistance to local governments, this time to provincial governments on local road management (LRM) in the implementation of Konkreto at Ayos na Lansangan, ang Daan tungo sa Pangkalahatang Kaunlaran (Kalsada). 

A lawmaker has filed a bill that seeks to impose stiffer penalties to reduce, if not eliminate, the theft or illegal possession of manhole covers and road signs to safeguard Filipino drivers and pedestrians.

The World Bank (WB) review mission and the Philippine Rural Development Project (PRDP) infrastructure specialists recently met in Davao City with contractors involved in projects to assess its implementation and identify problem areas that require attention. 

The Construction Materials Retail Price Index (CMRPI), on an annual basis in the National Capital Region, moved up by 0.8 percent in March, but it declined by 0.4 percent in February, while it increased by 0.1 percent in the same month last year, it was learned recently. 

The Department of Budget and Management (DBM) said funding for proposed projects under the FY 2017 Bottom-up Budgeting (BuB) Program will total P35 billion, up by P10.3 billion from this year’s BuB budget.