November 16, 2018 | 12:09 am
D.M. CONSUNJI, Inc. (DMCI) secured
P10.6 billion worth of new contracts in the first nine months of 2018, as it
was engaged mostly by private firms for building projects.
The construction arm of diversified
engineering conglomerate DMCI Holdings, Inc. said the newly-signed projects
pushed its order books eight percent higher to P28.5 billion, compared to the
same period a year ago.
Its newly-signed projects include
Ortigas and Company’s residential condominium called Connor worth P1.1 billion,
STRC Apartment Ridge of ST 6747 Resources Corp. worth P1.3 billion, and the DLS
College of St. Benilde Academic Sports and Dormitory Buildings, among others.
To note, ST 6747 Resources Corp. is
the joint venture firm between the SM Group and tycoon George S.K. Ty’s Federal
Land, Inc. for the development of a residential condominium in Makati City, on
a property considered to be the last parcel of undeveloped land in the business
district.
D.M. Consunji has also been tapped
for the Metro Manila Skyway Stage 3 Nagtahan Rampway worth P1 billion.
The company’s major ongoing projects
include the Cavite-Laguna Expressway project of MPCALA Holdings, Inc., Prima
Infra Dev. Corp.’s Bued Viaduct and Roadway, LRT Line 2 East Stations under the
Department of Transportation, Ortigas & Company’s Maven at Capitol Commons,
and Anchor Land Holdings, Inc.’s Anchor Grandsuites.
“Right now our order book is skewed
toward 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,” D.M. Consunji President and Chief Executive Officer Jorge A.
Consunji said in a statement.
The company is currently bidding for
the first package of the North-South Commuter Railway (NSCR), which seeks to
connect Tutuban, Manila to Malolos, Bulacan. The project will have a capacity
of 100,000 passenger per hour, reducing travel time from Tutuban to Malolos to
about 35 minutes from two hours before.
The project will be partially funded
by Japan’s official development assistance loan signed in 2015. The government
targets to start the project by next year.
“2019 will be a busier year for
public construction, and we are very eager to participate in this
infrastructure modernization program of the government,” Mr. Consunji said.
Earnings of D.M. Consunji rose by
19% to P343 million in the third quarter of 2018, pushing its nine-month profit
21% higher to P1.1 billion. — Arra B. Francia
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