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Draft IRR out on National Transport Policy

Draft IRR out on National Transport Policy

THE National Economic and Development Authority (NEDA) released on Monday the draft implementing rules and regulations (IRR) of the National Transport Policy which aims to modernize the country’s transport network. NEDA said the framework “promotes a safe, reliable, efficient, integrated, intermodal, affordable, cost-effective, environmentally sustainable, and people-oriented national transport system.” NEDA said that the country... continue reading

Neda reviews proposal for MRT 10, 2 other infrastructure projects

Neda reviews proposal for MRT 10, 2 other infrastructure projects

The National Economic and Development Authority (Neda) is currently scrutinizing at least three major unsolicited infrastructure projects, including a new rail line that will run parallel to the country’s first subway. In an interview over the weekend, Neda Undersecretary for Investment Programming Rolando G. Tungpalan said the new rail line, the Metro Rail Transit (MRT)... continue reading

Aboitiz unit gets OPS for New Bohol proposal

Aboitiz unit gets OPS for New Bohol proposal

ABOITIZ InfraCapital Inc. (AIC), the Aboitiz Group’s infrastructure subsidiary, has secured original proponent status (OPS) from the Department of Transportation (DoTr) for its proposed operations and maintenance (O&M) deal for the New Bohol International Airport on Panglao Island. In a disclosure on Friday, AIC President and Chief Executive Officer Sabin M. Aboitiz said that with... continue reading

PH infrastructure porgram pitched to British investors

PH infrastructure porgram pitched to British investors

Department of Transportation (DOTr) Secretary Arthur Tugade urged British investors and businessmen to invest in the country during this week’s Philippine Economic Briefing in London. He presented the administration’s high impact projects and profitable opportunities in the local infrastructure sector. Building bridges, roads, and modern transport systems is vital in an archipelagic country like ours... continue reading

Aboitiz unit gets crack at Bohol airport

Aboitiz unit gets crack at Bohol airport

Conglomerate Aboitiz Equity Ventures Inc. said its unit won a coveted original proponent status to operate and further develop the New Bohol International Airport, which is scheduled to open around October this year. The offer was submitted by Aboitiz InfraCapital, which is seeking to operate and maintain the airport and handle its future expansion. Other... continue reading

Aboitiz bags original proponent status for Bohol airport

Aboitiz bags original proponent status for Bohol airport

THE Department of Transportation (DoTr) granted original proponent status to Aboitiz InfraCapital, Inc. (AIC) for the operations, maintenance, and future expansion of the New Bohol International Airport in Panglao, the company said on Friday. “We believe our proposal provides an expedient and comprehensive solution for the immediate and long-term needs of the New Bohol International... continue reading

Aboitiz lands ‘original proponent status’ for New Bohol Int’l Airport

Aboitiz lands ‘original proponent status’ for New Bohol Int’l Airport

MANILA, Philippines — Aboitiz InfraCapital Inc. — the infrastructure unit of the Aboitiz Group — gained headway in its proposal to operate, maintain and develop the New Bohol International Airport after bagging the original proponent status, or OPS. In a disclosure to the stock exchange on Friday, Aboitiz Equity Ventures, Inc., the public holding company... continue reading

Aboitiz bags original proponent status to take over New Bohol Airport

Aboitiz bags original proponent status to take over New Bohol Airport

Aboitiz InfraCapital Inc. (AIC), the infrastructure arm of conglomerate Aboitiz Equity Ventures Inc, said Friday that its proposal for the operations and maintenance, future development, and expansions of the New Bohol International Airport has been granted original proponent status (OPS) by the Department of Transportation (DOTr). “In line with AIC’s commitment to support the Philippine... continue reading

DBM beefs up right-of-way funds

DBM beefs up right-of-way funds

To fast-track the rollout of big-ticket infrastructure projects, implementing agencies have been allocated a bigger P56.5 billion under the proposed 2019 national budget to acquire right of way (ROW), the Department of Budget and Management said Thursday. In a statement, the DBM said the ROW budget for next year included P29.4 billion for the Department... continue reading

Right-of-way budget to grow 53% in 2019

Right-of-way budget to grow 53% in 2019

THE GOVERNMENT proposed a 53% increase in the budget for right of way (RoW) acquisition in 2019, the Department of Management (DBM) said, reflecting expectations for the launch of more infrastructure projects. In a statement, the DBM said that the proposed RoW budget for 2019 is P56.3 billion, against P36.7 billion this year. The proposal... continue reading