DMCI secures P4.4-B
worth of contracts in H1
BY KRISTYN NIKA M. LAZO ON
AUGUST 14, 2016
D.M.
Consunji Inc. (DMCI), the construction arm of listed firm DMCI Holdings Inc.,
has secured P4.4-billion worth of new contracts in the first six months of
2016, raising the value of its ongoing projects to P27.9 billion.
In a
statement, the company said that among the newly signed projects are the
Spectrum BPO Building, City Gate of Ayala Land Inc., a 50-million-liter water
reservoir in Quezon City, and two 23-megawatt gas turbine plants in Batangas.
Meanwhile,
some of its major ongoing projects are Metro Manila Skyway Stage 3, civil works
for Light Rail Transit (LRT) Line 2 East, and several high-rise buildings.
During
the January to June period, DMCI posted a 19 percent jump in its net income to
P397 million from P333 million a year earlier thanks to declines in project
costs.
The
company is expecting more construction projects from the public sector,
particularly from the plans of the government to raise infrastructure spending
to 6 percent of the country’s gross domestic product (GDP).
“We
believe that DMCI is well-positioned to assist in the infrastructure renewal
plan of the Duterte administration because of our track record in implementing
complex and large-scale projects,” said DMCI president Jorge A. Consunji.
Among the
past infrastructure projects completed by DMCI are: the Tarlac-Pangasinan-La
Union Toll Expressway, LRT Line 1 North Extension Project (a joint venture with
First Balfour Inc.), South Metro Manila Skyway Project (Stage 2), R10 to
Tayuman Rail Line, and the Carmen and Magat Bridges, among others.
The
company is under the Consunjis’ infrastructure conglomerate DMCI Holdings,
which is engaged in real estate and construction (DMCI Homes, DM Consunji Inc.
and DMCI Project Developers Inc.), power generation and mining (Semirara Power
and Mining Corp., DMCI Power and DMCI Mining), and water utilities in
partnership with Manny V. Pangilinan’s Metro Pacific Investments Corp.
(Maynilad Water Services Inc.), among others.
