Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

P704.55-M Puerto Galera cruise terminal deal awarded to Ormoc-based contractor

P704.55-M Puerto Galera cruise terminal deal awarded to Ormoc-based contractor – BusinessWorld Online

      
      
      
      
      








DOT PHOTO

THE Philippine Ports Authority (PPA) said a construction company based in Ormoc City won the P704.55-million contract to build a new cruise terminal in Puerto Galera. 

In a notice of award dated Feb. 26, the PPA awarded the contract to Premium Megastructures, Inc., which was the low bidder, according to the PPA bids and awards committee.

The PPA said 11 companies bought bid documents for the cruise ship project but only 10 submitted bids. The other bidders were MAC Builders Corp.; Khan Kon Chi Construction and Development Corp.; WTG Construction and Development Corp.; Sunwest, Inc.; SB Construction Corp.; Goldridge Construction and Development Corp.; Luzviminda Engineering; Bemkar Construction and Supply; and UKC Builders, Inc.

The port regulator issued the bid invitation for the project in December. In its bid notice, the PPA said the winning contractor is required to build the project at the Poblacion site in Puerto Galera within 780 days.

The PPA’s website lists the Ports of Currimao in Ilocos Norte, Salomague in Ilocos Sur, as well as facilities in Manila, Bohol, and El Nido, Palawan as currently equipped to accommodate cruise vessels. — Ashley Erika O. Jose

CEDTyClea





    You May Also Like

    Stock Markets

    REUTERS By Ashley Erika O. Jose, Reporter THE PHILIPPINES is unlikely to meet its target of six initial public offerings (IPOs) this year as...

    Stock Markets

    Cinnamon and Pili-based incense shows mosquito-repelling properties – BusinessWorld Online                                    ...

    Stock Markets

    Lack of awareness on government support hinders young innovators – BusinessWorld Online                                    ...

    Stock Markets

    REUTERS THE NATIONAL Government’s (NG) outstanding debt hit a fresh high of P16.31 trillion at the end of January as it ramped up borrowings,...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.