October 19, 2020 at 08:15 pm
Jenniffer B. Austria
ATN Holdings Inc., a diversified holding company, said Monday it bagged a contract to supply rock aggregates for the first phase of the 148-kilometer North-South Commuter Railway project.
ATN Holdings said in a disclosure to the stock exchange the deal formalized its participation in the government’s P4-trillion “Build, Build, Build” infrastructure program.
The company, which has interests in real estate, renewable energy, technology and the operator of one of the country’s largest rock-extraction sites, said it started delivery of rock aggregates to be used as construction materials in September.
The North-South Commuter Railway will connect New Clark City to Calamba, Laguna, and is envisioned to carry 350,000 passengers daily.
The first phase of the project was awarded in 2019 to the joint venture of D.M. Consunji Inc. and Japan’s Taisei Corp.
Known as the Tutuban-Malolos segment, this portion will stretch for 38 kilometers with six stations and a depot in Valenzuela City.
“ATN is fully committed to the government’s BBB program and shares in its vision to prioritize infrastructure as the centerpiece of our economic recovery and massive job creation stimulus amidst the COVID-19 pandemic,” ATN Holdings chairman and chief executive Arsenio Ng said.
The company’s rock-extraction facilities are built on a 254-hectare privately-owned property in Rodriguez, Rizal featuring a state-of-the art rock crushing plant with a capacity of 500 tons an hour.
It has rock resource of 66.132 million tons, equivalent to an estimated accreted value of over P65 billion.
The company has an inventory of at least 1 million tons of high-grade rock aggregates for future deployment.
“We are thrilled to be in a unique position to seize multiyear continuing opportunities in the bullish infrastructure sector given the massive size of our strategic stockpile and high-quality rock deposits,” said Ng.
ATN Holdings is also engaged in discussions for rock supply arrangements with various public and private proponents committed to large-scale infrastructure development.