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December 25, 2017 - In the News

TRAIN to fund 25% of Duterte infra program

December 25, 2017 - In the News

TRAIN to fund 25% of Duterte infra program

MANILA, Philippines — The recently enacted tax reform bill is seen to fund about 25 percent of the P8.4-trillion “Build Build Build” program of the Duterte administration, the Department of Finance (DOF) said over the weekend. In a statement, Finance Secretary Carlos Dominguez said the incremental revenue to be generated by Republic Act 10963 or... continue reading
December 23, 2017 - In the News

Big firms team up for NAIA rehab

December 23, 2017 - In the News

Big firms team up for NAIA rehab

SEVEN MAJOR COMPANIES, including some of the country’s biggest conglomerates, have formed a consortium to rehabilitate, operate and maintain Ninoy Aquino International Airport (NAIA), those listed among them said in separate disclosures on Thursday. The companies concerned — Aboitiz Equity Ventures’ (AEV) Aboitiz InfraCapital, Inc.; Ayala Corp.’s AC Infrastructure Holdings Corp.; Filinvest Development Corp. (FDC);... continue reading
December 23, 2017 - In the News

‘Super consortium’ eyes Naia upgrade

December 23, 2017 - In the News

‘Super consortium’ eyes Naia upgrade

Seven of the country’s biggest companies are banding together to bid for the rehabilitation of the Ninoy Aquino International Airport (NAIA). An unsolicited proposal will be submitted to the government by Ayala-led AC Infrastructure Holdings, Inc., Aboitiz Infra Capital, Inc., Andrew Tan’s Alliance Global Group, Inc., the Gotianun’s Filinvest Development Corp., Gokongwei-owned JG Summit Holdings,... continue reading
December 23, 2017 - In the News

Proposed BOT Law changes to boost PPP governance

December 23, 2017 - In the News

Proposed BOT Law changes to boost PPP governance

MANILA, Philippines — The proposed amendments to the Build-Operate-Transfer (BOT) Law — of which nine are pending at the House of Representatives — would improve the governance and competition for projects pursued under the public-private partnership (PPP) mode of project delivery, the PPP Center said. PPP Center executive director Ferdinand Pecson said the reforms put... continue reading
December 22, 2017 - In the News

Clark airport proves gov’t ‘political will’ — Dominguez

December 22, 2017 - In the News

Clark airport proves gov’t ‘political will’ — Dominguez

Finance Secretary Carlos Dominguez III said the rollout of the Clark International Airport expansion project within the first 18 months of the Duterte presidency demonstrates the “strong political will of the government to get things done fast” for the benefit of the people. Dominguez said that unlike the previous administration when one big-ticket project —... continue reading
December 20, 2017 - In the News

Cebu airport operator bags construction deal for new Clark terminal

December 20, 2017 - In the News

Cebu airport operator bags construction deal for new Clark terminal

(UPDATED) The group of Megawide Construction Corporation and Bangalore-based GMR Infrastructure Limited will build a new terminal at the Clark International Airport, which will be able to accommodate an additional 8 million passengers yearly. MANILA, Philippines (UPDATED) – The group of publicly-traded Megawide Construction Corporation and Bangalore-based GMR Infrastructure Limited bagged its 2nd airport project... continue reading
December 20, 2017 - In the News

PPP projects by LGUs to draw investor interest

December 20, 2017 - In the News

PPP projects by LGUs to draw investor interest

MANILA, Philippines — Public-private partnership (PPP) projects in local government units (LGUs) would be ensured of sufficiency in scale to make it attractive for investors and would focus on vital services to make sure the projects survive changes in administration over long life cycles, the PPP Center said. As the national government now prefers to... continue reading
December 20, 2017 - In the News

Megawide-GMR consortium bags Clark Airport terminal contract

December 20, 2017 - In the News

Megawide-GMR consortium bags Clark Airport terminal contract

MANILA, Philippines — The consortium of Megawide Construction Corp. and GMR Infrastructure Ltd. of India bagged the contract for the construction of Clark International Airport’s new terminal building. The Department of Transportation and the Bases Conversion and Development Authority (BCDA) said the government awarded the engineering, procurement and construction contract to the consortium as it... continue reading
December 20, 2017 - In the News

PH, Indian group bags Clark airport project

December 20, 2017 - In the News

PH, Indian group bags Clark airport project

A consortium of Megawide Construction Corp. and India’s GMR Infrastructure Ltd. won the contract to upgrade Clark International Airport passenger terminal, the first hybrid Public-Private Partnership (PPP) project under the Duterte administration . The Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA) declared Megawide-GMR as the winning bidder with its P9.36-billion... continue reading
December 20, 2017 - In the News

Megawide-GMR wins Clark expansion project

December 20, 2017 - In the News

Megawide-GMR wins Clark expansion project

The Clark International Airport expansion project, one of the Duterte government’s priority initiatives under the “Build Build Build” program, has been awarded to a consortium formed by Megawide Construction Corp. and India’s GMR Infrastucture Ltd. The Bases Conversion and Development Authority (BCDA) on Tuesday declared the Megawide-GMR Consortium as the one with the “lowest calculated... continue reading

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