By Iris Gonzales (The
Philippine Star) | Updated May 17, 2017 - 12:00am
MANILA, Philippines - Construction
firm D.M. Consunji Inc. (DMCI) has bagged P9.5 billion worth of projects in the
first quarter of the year, bringing its year-to-date order book to over P27
billion.
For the rest of the year, DMCI
president Jorge Consunji said the company expects growth to be modest but
hinted this could change if the Duterte administration’s plan to usher in the
so-called golden age of infrastructure would finally be implemented.
“We foresee modest growth this year,
which will come mostly from building and infrastructure contracts. The real
game-changer would be the rollout of infrastructure projects by the government.
If these projects push through as scheduled, then Filipino contractors stand to
gain from the construction activities,” Consunji said.
The company’s projects comprise
public and private contracts, ranging from big-ticket infrastructure to power
plants.
It won the contract for the P1.3-
billion Bued Viaduct at Section 3B-3 and roadway construction of Section 3B-4
Bued to Rosario, La Union of the Tarlac–Pangasinan–La Union Expressway of
Private Infra Development Corp. (PIDC).
It also bagged a P7.2-billion
contract for the Laguna portion of the Cavite-Laguna Expressway project from
MPCALA Holdings Inc.
Another project is the LRT-2 East
(Masinag) stations under the Department of Transportation, and the thermal
power plant of JGC Philippines.
Major ongoing projects include
Sections 1 and 2 of the Metro Manila Skyway Stage 3 project of Citra Central
Expressway Corp., Citygate mixed-use development in Makati, The Royalton and
Imperium luxury condominiums of Ortigas & Co., The Areté of Ateneo de
Manila University and NCCC Mall of LTS Malls Inc., the company said.
Last year, the company completed
three major infrastructure projects – the NAIA Expressway, LRT-2 East (Masinag)
Viaduct and The Runway connecting NAIA Terminal 3 to Resorts World Manila.
On a stand-alone basis, DMCI
recorded a net income P259 million from January to March, up 19 percent from
P219 million the prior year.
DMCI has set a capital expenditure
of P900 million this year.
Its parent company, DMCI Holdings,
is the engineering and construction conglomerate founded by the Consunji family
led by its patriarch David Consunji, one of 14 Filipinos in the list of the
world’s richest men, with a net worth of $3.1 billion.
The conglomerate’s businesses are in
construction, housing, water, mining, power and infrastructure.
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