Philippine Airlines (PAL) has proposed to develop a new passenger terminal next to its existing hub at the Centennial Terminal 2 in Ninoy Aquino International Airport (NAIA) in Manila, Philippines.
Light Rail Manila Corporation (LRMC) has commenced pre-construction work on the PHP65bn ($1.3bn) LRT-1 Cavite Extension in the Philippines.
Construction in the Philippines is set to grow at a rapid pace over the forecast period 2017–2021, according to the latest research from Timetric's Construction Intelligence Center (CIC).
Knusford Berhad (KB), a Malaysian construction and property firm, and China Railway Dongfang Group Sdn. Bhd. (CRECSB) have secured a $166M contract from ArthaLand to provide engineering, procurement and construction (EPC) services for its Cebu Exchange project in the Philippines.
Southeast Asia is in need of $2.1tr in infrastructure spending by 2030 to meet their growing population demands, according to a report by banking group HSBC.HSBC economist Joseph Incalcaterra stated in the report that the urban population in the region will rise by over 90M by 2030 and that the planned infrastructure spending would only cover $910bn.Incalcaterra said: “To fill the infrastructure gap, more non-government financing is necessary, both from private sources and institutions such as the Asian Development Bank and new Asian Infrastructure Investment Bank.”The six countries covered in the report are Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.According to the report, regional governments have to increase infrastructure spending. Low- to middle-income economies should spend at least 5% of gross domestic product (GDP) on infrastructure — only Vietnam has been meeting this target.Indonesia and the Philippines have been increasing infrastructure budgets, while Thailand and Singapore had promised increased infrastructure spending and Malaysia should attract more investment. Incalcaterra added: “Governments across the region thus need to be much more aggressive with increasing PPP programmes and instituting proper reforms to deepen capital markets. Only that will fill ASEAN’s gaping infrastructure pothole.”
San Miguel Corporation (SMC) has broken ground on the Metro Rail Transit 7 (MRT-7) project in the Philippines.The elevated railway from North Avenue, Quezon City to San Jose del Monte, Bulacan will be constructed by SMC’s infrastructure subsidiary San Miguel.Estimated to cost PHP69.3bn ($1.49bn), the 23km project will feature 14 stations and take 30 minutes to travel end-to-end. It will also link to the MRT-3 and LRT-1 and serve more than 800,000 passengers daily.MRT-7 will have stations at Quezon-North Avenue, Quezon Memorial Circle, University Avenue, Tandang Sora, Don Antonio, Batasan, Manggahan, Doña Carmen, Regalado, Mindanao Avenue, Quirino, Sacred Heart, Tala and San Jose del Monte.The project will be completed in three to four years with the assistance of Hyundai Rotem and EEI consortium.
The Asian Development Bank (ADB) has granted a $123.3m loan to Metropolitan Waterworks and Sewerage System (MWSS) of Manila to build a new water tunnel in Manila, Philippines.The proposed tunnel will stretch over 6km in length, with an internal span of about 4m. It will be an intake structure at the Ipo reservoir, and a new transition basin at Bigte, with connecting infrastructure. The project will implement structural measures to minimise impact of earthquakes and other hazards, and environmental degradation. ADB Southeast Asia Department senior urban development specialist Paul van Klaveren said: "The Angat transmission system provides more than 95% of Manila's water but its existing tunnels are up to 75 years old and in poor condition, leaving the metropolitan area highly vulnerable to serious supply disruptions.“This assistance will allow the Metropolitan Waterworks and Sewerage System to build a fourth tunnel, clearing the way for it to upgrade and modernize its other existing tunnels and aqueducts to maximize and strengthen supplies.”
Century Properties Group, via its subsidiary Century City Development Corporation (CCDC), and Japanese firm Mitsubishi have broken ground on Forbes Media Tower at Century City in Makati, Philippines.
A team of French firms comprising Alstom and Bouygues Travaux Publics has secured a contract with the Light Rail Manila Corporation (LRMC) to upgrade and extend Light Rail Transit Line 1 of Philippines’ Manila metro.
San Miguel, through its subsidiary Universal LRT (ULC), has reached financial close on the Metro Rail Transit (MRT) Line 7 project in Philippines.