Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

DMCI to break ground on Kalayaan, BGC subway stations this year

DMCI to break ground on Kalayaan, BGC subway stations this year – BusinessWorld Online


      
      
      
      
      








OJ SERRANO-UNSPLASH

D.M. CONSUNJI, INC. (DMCI) is preparing to break ground on a key portion of the Metro Manila subway project this year, its top executive said.

The project, known as contract package 105 (CP 105), covers the Kalayaan and Bonifacio Global City (BGC) stations, with construction expected to start this year, DMCI President and Chief Executive Officer Jorge A. Consunji told reporters last week.

The project includes a short tunnel and the two stations, which were originally scheduled for completion in 2029 but have faced delays because of earlier right-of-way issues.

DMCI is undertaking the work alongside Japanese firm Nishimatsu Construction Co. Ltd., its partner for another section of the subway covering Quezon Avenue and East Avenue stations.

Meanwhile, the company is pursuing another subway project and expects the award decision as early as next month.

“That’s just the award phase. The groundbreaking for that is possibly in March or April, depending on the department that handles it — we can’t control that. But it was bid out 18 months ago,” Mr. Consunji said.

Without giving details, DMCI said it is eyeing other major projects and possible partnerships with both public and private sectors.

DMCI is the construction arm of listed infrastructure and engineering conglomerate DMCI Holdings, Inc., which also has core investments in coal mining, water, off-grid power generation, and property development. — Alexandria Grace C. Magno

CEDTyClea





    You May Also Like

    Stock Markets

    A RESCUE WORKER looks for survivors at the collapsed landfill in Binaliw, Cebu, Philippines, Jan. 11. — REUTERS/LISA MARIE DAVID By Vonn Andrei E....

    Finance

    The owner of Revolution Bars is preparing to enter administration, putting as many as 2,200 jobs at risk across its UK estate. Revel Collective,...

    Finance

    Tens of thousands of so-called “zombie” businesses could collapse this year as mounting cost pressures and weak demand push companies to breaking point, insolvency...

    Stock Markets

    Under the SM for MSMEs program, MSME Hub owners Alamanga (left) and Rainbow Scoops (right) bring locally made flavors and proudly Filipino products closer...

    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.