Construction

The Mindanao Develop­ment Authority (MinDA), the US Agency for Interna­tional Development (Usaid) and the Asian Develop­ment Bank (ADB) signed an agreement that will spur development in Mindanao, particularly in the South Central Mindanao Corri­dor (SCMC).

Tabuk City, Kalinga—It’s all systems go for the groundbreaking of two World Bank (WB) fund­ed farm-to-market road (FMR) projects amount­ing to P298 million in the province of Kalinga under the Philippine Ru­ral Development Project (PRDP).

Two construction giants in Saudi Arabia, Saudi Oger Ltd. and Saudi Binladin Group (SBG), which employ a large number of overseas Filipino workers (OFWs) are having problems affecting their workers that have been recurring even before the global oil-price downturn, according to the Department of Labor and Employment (DOLE). 

Sen. Ferdinand “Bongbong” R. Marcos Jr. said a “business directed infrastructure program” is needed to address unemployment in the country. 

By Daryl Rose Virtudazo President Aquino has accepted the resignation of Public-Private Partnership (PPP) Center Executive Director Cosette V. Canilao.

The Department of Budget and Management (DBM) has released P11.2 billion to the Department of Public Works and Highways (DPWH) for the provision and maintenance of basic education facilities, including elementary and secondary schools, technical-vocational laboratories, and water and sanitation facilities.

The remaining three packages of the multibillion Secondary National Roads Development Project in Eastern Samar province are expected to be completed by May. 

The European Chamber of Commerce in the Philippines (ECCP) assailed the Philippine Contractors Accreditation Board (PCAB) for its refusal to accept the accreditation of fully owned foreign construction companies that are willing to invest in the country.

Despite the back­lash of low oil price in the world market and an economy that sends thousands of Filipino overseas workers back home, Saudi Arabia has secured financing for the construction of the $1.23-billion Jeddah Tow­er that will rival Dubai’s iconic Burj Khalifa, the world’s tallest building.

By Daryl Rose Virtudazo The newly elected president of the Chamber of Real Estate & Builders’ Associations Inc. (Creba), Charlie A.V. Gorayeb, said he will still push for the creation of the Department of Housing and Urban Development (DHUD) as one of the five-point agenda of his administration.