DMCI targets P40-b BSP complex

DM Consunji Inc. (DMCI) is ramping up its order book by bidding on major government infrastructure projects, including a P40-billion Bangko Sentral ng Pilipinas (BSP) complex in New Clark City.

DMCI president Jorge Consunji told reporters the construction firm is forming a consortium with other established contractors to bid for the 31.3-hectare security complex.

The project involves relocating banknote printing operations from Quezon City to Clark and the construction of administrative buildings and a museum. Consunji said security regulations limit the bidding process to local contractors.

The company is pivoting toward public works as the private sector remains sluggish. While public construction remains robust, Consunji said private projects such as office and residential condominiums continue to show weakness.

DMCI ended 2024 with an order book valued between P35 billion and P40 billion, and the firm expects these new contracts to significantly increase that total.