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Infracorp plans monorail project linking Eastwood City to MRT-3

Infracorp plans monorail project linking Eastwood City to MRT-3

INFRACORP Development, Inc. looks to propose a monorail project connecting the Metro Rail Transit Line 3 (MRT-3) to Eastwood City, in a bid to ease traffic congestion and increase connectivity for commuters in the area. The infrastructure arm of Alliance Global Group, Inc. (AGI) said it has identified three to four areas where it would... continue reading

SMC formally submits to DOTr proposal for New Manila Airport in Bulacan

SMC formally submits to DOTr proposal for New Manila Airport in Bulacan

DIVERSIFIED conglomerate San Miguel Corp. (SMC) submitted to the Department of Transportation (DOTr) on Monday its revised unsolicited proposal for the construction of the New Manila Airport in Bulacan, a transport official said on Tuesday. Transport Undersecretary Ruben S. Reinoso Jr. said his group is currently in the process of reviewing the amended proposal, which... continue reading

Gov’t set to OK SMC’s Bulacan airport project

Gov’t set to OK SMC’s Bulacan airport project

MANILA, Philippines — A proposed new airport at Bulacan province from conglomerate San Miguel Corp. could finally get a go-ahead from the government by early next year, paving the way to its construction meant to decongest the Ninoy Aquino International Airport. “Hopefully, if everything is agreed upon, the proponent can be granted final approval and... continue reading

Gov’t urges investors to look at PH long-term prospects

Gov’t urges investors to look at PH long-term prospects

Investors are urged to look at the Philippines’ long-term prospects, not the temporary hiccups, citing the country’s economy remains strong despite the recent spikes in consumer prices that economic managers described as “not a structural infirmity.” Amid fears that the Philippines’ fundamentals may have already weakened, the top economic officials of the Duterte administration were... continue reading

LRMC cleans up Manila’s Liwasan

LRMC cleans up Manila’s Liwasan

In celebration of its third anniversary as LRT-1 operator, the Light Rail Manila Corporation has mobilized hundreds of volunteers to give back to Manileños by leading a cleanup and landscaping project at the historical landmark, Liwasang Bonifacio. This cleanup initiative is in line with LRMC’s ikotMNL Project, which promotes and connects tourist destinations near the... continue reading

ADB okays $484.3 million in loans, grants for PHL

ADB okays $484.3 million in loans, grants for PHL

The Asian Development Bank (ADB) said it has approved a total of $484.3 million in loans and grants for the Philippines as of August this year. Data provided in the ADB web site showed that the amount covered four Philippine-specific projects, the largest of which is the Expanding Private Participation in Infrastructure Program, Subprogram 2... continue reading

Tycoons bag P102-B Naia project

Tycoons bag P102-B Naia project

The government has awarded seven of the country’s largest conglomerates an original proponent status to embark on a P102-billion program to upgrade the Ninoy Aquino International Airport (Naia) into a “world-class” regional aviation hub. With this original proponent status from the Department of Transportation (DoTR)—which gives the Naia “superconsortium” the first crack at the project... continue reading

NAIA Consortium gets original proponent status

NAIA Consortium gets original proponent status

An unsolicited proposal to rehabilitate, expand and operate Metro Manila’s congested Ninoy Aquino International Airport (NAIA) has moved forward with the project’s proponent having been granted original proponent status (OPS). The NAIA Consortium is composed of AC Infrastructure Holdings, Aboitiz InfraCapital, Inc., Alliance Global Group, Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp., JG Summit... continue reading

DOTr grants original proponent status to Naia Consortium

DOTr grants original proponent status to Naia Consortium

THE transportation department has officially granted the original proponent status (OPS) to Naia Consortium—a group of seven of the largest conglomerates in the Philippines—for the redevelopment and operations of Ninoy Aquino International Airport (Naia). Naia Consortium Spokesman Jose Emmanuel P. Reverente said his group has received the OPS—granted to the first group that submitted an... continue reading

ADB backs more policy-based loans for priority sectors

ADB backs more policy-based loans for priority sectors

MANILA, Philippines — The Independent Evaluation (IE) unit of the Asian Development Bank (ADB) is urging the greater use of policy-based loans (PBL) in priority sectors where investment loans are also taken out such as transport, energy and water. In a new report on the multilateral bank’s policy-based lending for the period 2008-2017, the IE... continue reading