Republic of the Philippines

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SMC: Skyway 3 free to motorists for 1 month

SMC: Skyway 3 free to motorists for 1 month

MANILA, Philippines — Motorists can pass through the 18-kilometer Skyway Stage 3 toll-free for one month in line with its soft opening today, San Miguel Corp. (SMC) president and chief operating officer Ramon Ang announced yesterday. Ang said motorists would be able to use up to four lanes of the expressway, which connects the northern... continue reading

In pandemic, PPP project pipeline grows to P8.45T

In pandemic, PPP project pipeline grows to P8.45T

DESPITE the pandemic, the Public-Private Partnership (PPP) Center has managed to grow its pipeline of projects in 2020, with total cost of various infrastructure projects—both solicited and unsolicited—reaching a whopping P8.448 trillion. The agency said the project now boasts 233 projects, of which 176 are under implementation. Included in the pipeline are solicited projects such... continue reading

PPP bullish despite pandemic with P8-T projects

PPP bullish despite pandemic with P8-T projects

To date, PPP projects total 233 with 176 under implementation, amounting to P1.289 trillion and 57 projects in the pipeline, amounting to P7.159 trillion. New solicited projects include the Mariveles Mental Wellness Center, Philippine Travel Center Complex, Metro Cebu Expressway, Bicol Medical Center (BMC) Medical Arts Building and Upgrading of Health Services, and the National... continue reading

18-page requirements checklist for unsolicited PPP proposals issued

18-page requirements checklist for unsolicited PPP proposals issued

Amid a flurry of unsolicited public-private partnership (PPP) infrastructure projects being pitched to the Duterte administration, the Investment Coordination Committee (ICC) has issued a checklist of requirements which private firms and implementing agencies must adhere to, or else face outright rejection of their proposals. The ICC checklist of documentary requirements for unsolicited PPP proposals was... continue reading

LIPAD prepares for take-off of new Clark airport terminal

LIPAD prepares for take-off of new Clark airport terminal

MANILA, Philippines — Luzon International Premier Airport Development Corp. (LIPAD), operator and manager of the Clark International Airport, is preparing for the operationalization of a new passenger terminal in the gateway next year. LIPAD has commenced a series of vital operational readiness briefings with representatives of government agencies and the private sector in line with... continue reading

San Miguel infuses more funds in MRT-7 project

San Miguel infuses more funds in MRT-7 project

SAN MIGUEL Corp. (SMC) has infused P147.81 million more in its infrastructure unit to fund the 23-kilometer Metro Rail Transit Line 7 (MRT-7) project, the firm told the local bourse on Friday. In a regulatory filing, Ramon S. Ang-led SMC said that the disbursement to San Miguel Holdings Corp. came from the earnings of its... continue reading

Private-public cooperation key to speedy recovery – Zobel

Private-public cooperation key to speedy recovery – Zobel

Stronger cooperation between government and the private sector, particularly in promoting investments, would jumpstart the fast recovery of the domestic economy from the negative impact of the pandemic, the head of one of the country’s biggest conglomerates said. In his speech during the recent Pilipinas Conference on the “Key Role of the Business Sector” hosted... continue reading

Modified LRT-6 unsolicited proposal being evaluated by NEDA

Modified LRT-6 unsolicited proposal being evaluated by NEDA

THE Transportation department said an unsolicited proposal to build the Modified Light Rail Transit (LRT) Line 6 is currently being evaluated by the National Economic and Development Authority (NEDA). “It’s now with NEDA. It’s an unsolicited proposal,” Transportation Undersecretary for Planning & Project Development Ruben S. Reinoso, Jr. told BusinessWorld in a phone interview Thursday. The indicative... continue reading

DPWH sounds off investors on 3 proposed mega expressways in Luzon, Visayas, Mindanao

DPWH sounds off investors on 3 proposed mega expressways in Luzon, Visayas, Mindanao

Public Works and Highways Secretary Mark Villar recently announced that the interest of the private sector in building three proposed big-ticket expressways in Southern Tagalog and Central Luzon, Central Visayas, and Davao Region is being recognized and encouraged by the government. The Department of Public Works and Highways (DPWH) has met with contractors, financing institutions,... continue reading

DPWH, PPP Center start gauging investor interest in road projects

DPWH, PPP Center start gauging investor interest in road projects

THE Department of Public Works and Highways (DPWH) and the Public-Private Partnership Center (PPP Center) said Monday that they are gauging investor interest in three proposed big-ticket expressway projects — the Pacific Eastern Seaboard Expressway, the Metro Cebu Expressway, and the Davao-Digos Expressway. In a statement, the DPWH said it partnered with the PPP Center... continue reading