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Friday, March 29, 2024

DMCI unit bags P10.6b worth of project contracts

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DMCI Holdings Inc. said its construction unit bagged P10.6 billion worth of new projects in the first nine months of 2018, raising its total order book to P26.3 billion, up eight percent year-on-year. 

DMCI said in a disclosure to the stock exchange building projects accounted for most of the order book at P12 billion, closely followed by infrastructure projects at P11.9 billion. 

Contracts for plant and utilities topped P2.5 billion while energy projects totaled P2.1 billion. 

“Right now our order book is skewed towards private sector-led construction projects but we expect more big-ticket projects under the Build, Build, Build program to come on-stream within the next few months,” said DM Consunji Inc. president and chief executive Jorge Consunji. 

“2019 will be a busier year for public construction, and we are very eager to participate in the infrastructure modernization program of the government,” he added

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The newly-signed projects of DMCI include the P1.1-billion Metro Manila Skyway Stage 3 Nagtahan Rampway, the P1.1-billion Connor of Ortigas & Co., the P13-billion STRC Apartment Ridge of ST 6747 Resources Corp., expansion projects of JG Summit Petrochemical Corp. and DLS-College of St. Benilde Academic, Sports and Dormitory Buildings. 

Meanwhile, major ongoing projects include the Cavite-Laguna Expressway project of MPCALA Holdings Inc., the Bued Viaduct and Roadway of Private Infra Dev Corp., the LRT 2 East (Masinag) Stations under the Department of Transportation, Maven at Capitol Commons of Ortigas & Co. and Anchor Grandsuites of Anchor Land Holdings.   

DM Consunji is also waiting for the planned North South Commuter Rail (NSCR) project.

The company earlier said it planed to team up with a Japanese group to bid for the 38-kilometer rail line connecting Malolos, Bulacan and Tutuban, Manila.

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