By Iris Gonzales (The
Philippine Star) | Updated May 16, 2016 - 12:00am
MANILA, Philippines – D.M. Consunji
Inc. (DMCI), the construction arm of the Consunji Group’s diversified
engineering conglomerate DMCI Holdings Inc. has won building and water projects
worth P2.9 billion during the first quarter, bringing its total order book to
P30 billion.
Its newly signed projects include
Ayala Land Inc.’s City Gate, a mixed-use development in the Makati Central
Business District, a water reservoir in Quezon City and a turbine plant in
Batangas.
Apart from the newly signed
contracts, its major ongoing projects include Metro Manila Skyway Stage 3,
civil works for LRT-2 east, and the Areté of Ateneo de Manila University.
The big-ticket NAIA Expressway projects
such as Package 2A which spans Macapagal Avenue to Terminals 1 and 2 and
Package 2B, which is from MIA Road to Terminal 3, meanwhile, are expected to be
completed by June 2016 and before year-end, respectively, said DMCI president
Jorge Consunji.
Consunji said the company hopes the
new administration would push forward an infrastructure program for much needed
infrastructure in the country.
“We look forward to the
infrastructure program of the new administration. A lot needs to be done to
enhance the mass transport system, road network, flood control system and
tourism infrastructure of our country. Hopefully, more public-private
partnerships will be awarded and implemented within the next six years,” he
said.
The construction arm reported a
12-percent drop in revenue during the quarter but still reported an income
contribution of three percent to P197 million during the period from P191
million a year ago as total construction costs fell at a faster pace.
From P3.1 billion the previous year,
first quarter total construction costs declined 14 percent to P2.7 billion.
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