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DMCI secures P9b worth of new deals

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DM Consunji Inc., the construction arm of conglomerate DMCI Holdings Inc., bagged new contracts worth P9 billion to boost its order book to P30 billion as of end-February 2017.

DMCI president Jorge Consunji said the major construction contracts awarded to the company included tollways, power and water projects.

Among the projects awarded to DMCI were the P7.2-billion portion of the Cavite-Laguna Expressway project of MPCala Holdings Inc. and the P1.3-billion Bued Viaduct project of the Tarlac-Pangasinan-La Union Expressway of San Miguel-led Private Infra Development Corp.

“We stared the year strong with these newly awarded contracts. Hopefully, this will be a start of the aggressive rollout of mega-infrastructure projects across the country. We really need the additional roads and facilities,” Consunji said.

DMCI was also awarded three projects by National Power Corp. including the remedial work of San Roque MPP Spillway in Pangasinan; supply, construction/installation, testing and commissioning of Mansalay Switching Station and expansion of Bansud and San Jose substation projects in Oriental Mindoro; and the rehabilitation of the Calapan Bansud 69KV transmission line project also in Occidental Mindoro.

DMCI also won the bid to construct three projects of Maynilad Water Services Inc., namely the pipe replacement project in Paranaque City, the constriction of 30 MLD reservoir and pump station in Cavie and the construction of 20 MLD reservoir osmosis facility in Muntinlupa City.

DMCI is also currently constructing a portion of the San Miguel connector road project. 

The project, which aims to connect North Luzon Expressway to South Luzon Expressway, is expected to be completed by end 2018. For this year, the construction firm expects to book P15 billion worth of revenues, slightly higher than P14.5 billion worth of construction revenues booked in 2016.

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