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Singapore’s Surbana to help design New Clark City

Singapore’s Surbana to help design New Clark City

THE Bases Conversion and Development Authority (BCDA) and its partner Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) are teaming up with Singapore-based consultancy firm Surbana Jurong for the New Clark City project. In statement released on Monday, the BCDA said Surbana Jurong will be developing the design standards and guidelines for... continue reading

Gov’t still studying MPIC proposal to take over MRT-3

Gov’t still studying MPIC proposal to take over MRT-3

THE GOVERNMENT is still evaluating Metro Pacific Investments Corp.’s (MPIC) unsolicited proposal for the rehabilitation and takeover of the Metro Rail Transit Line-3 (MRT-3) system. “They’re conducting due diligence, they just finished,” Transportation Secretary Arthur P. Tugade told reporters on the sidelines of the groundbreaking of the Southeast Metro Manila Expressway (SEMME) in Taguig City.... continue reading

BCDA hires Singapore firm to help with Clark design

BCDA hires Singapore firm to help with Clark design

MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) and the Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development (JOIN) have partnered with Surbana Jurong to develop the New Clark City project. In a statement, BCDA said Surbana Jurong would help in the preparation of the detailed design standards and guidelines for... continue reading

BCDA, Japan agency team up with Singapore for New Clark City dev’t

BCDA, Japan agency team up with Singapore for New Clark City dev’t

By Bernie Cahiles-Magkilat State-owned Bases Conversion and Development Authority (BCDA) and the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) have partnered with Surbana Jurong of Singapore for the development of the New Clark City (formerly Clark Green City) project. BCDA Vice-President for business development and operations Joshua Bingcang said Surbana Jurong... continue reading

Government, citizens remain incurable optimists as new year ushers old, new challenges

Government, citizens remain incurable optimists as new year ushers old, new challenges

THERE’S an ocean-wide chasm between optimism and delusion. This is especially seen in major infrastructure projects, as University of Toronto Prof. Matti Siemiatycki wrote eight years ago. “Optimism bias has been a considerable challenge in the planning and delivery of public services, particularly infrastructure megaprojects,” Siemiatycki said in his paper, titled “Managing Optimism Biases in... continue reading

MPIC tollways unit allots P10B for south projects

MPIC tollways unit allots P10B for south projects

METRO PACIFIC Tollways Corp. (MPTC) is set to spend P10 billion this year for its projects located in the south of Metro Manila. “For the south, it’s about P10 billion, mostly for CALAX [Cavite-Laguna Expressway] and C-5 South Link,” MPTC Chief Financial Officer Christopher Daniel C. Lizo told reporters. To fund the two projects, Mr.... continue reading

MPTC to spend P10-B on south toll road projects

MPTC to spend P10-B on south toll road projects

METRO Pacific Tollways Corporation (MPTC) said it would be spending P10 billion for toll road projects south of Metro Manila. “For [the]south, it’s about P10 billion, mostly for Calax (Cavite-Laguna Expressway) and C5 South Link,” MPTC Chief Finance Officer Christopher Lizo told reporters over the weekend. He said construction of both projects began almost at... continue reading

PSE named Southeast Asia’s best stock exchange again

PSE named Southeast Asia’s best stock exchange again

This is the 4th time in 5 years that the Philippine Stock Exchange has bagged the award MANILA, Philippines – The Philippine Stock Exchange (PSE) was named the best bourse in Southeast Asia by institutional investment magazine Alpha Southeast Asia, citing its investments, literacy initiatives, products launched, and technology developments, among others. This is the... continue reading

MWSS chief cites achievements; water PPP works wonders

MWSS chief cites achievements; water PPP works wonders

With the Private Public Partnership among Metropolitan Waterworks and Sewerage System, Manila Water, Maynilad and Luzon Clean Water Corporation continuing to work wonders, MWSS Administrator Reynaldo V. Velasco said that 2017 was a good year brought about by strong investors confidence on the administration of President Rodrigo Duterte. The water agency managed to implement several... continue reading

Does Build, Build, Build translate to Win, Win, Win for the Philippine economy?

Does Build, Build, Build translate to Win, Win, Win for the Philippine economy?

By Jonathan T. Bino And Alexander E. Dacanay With the steadily warming relations between the Philippines and China, and among the various members of the Association of Southeast Asian Nations (ASEAN), as well as the strong bilateral ties with other nations, there is an opportunity to achieve win-win results for the Philippine economy. This is... continue reading