Business and Economy
PHP9.5-B additional DMCI construction projects in Q1 2017
D.M. Consuji, Inc. (DMCI), the construction unit of DMCI Holdings, Inc., has added PHP9.5 billion worth of construction projects in the first quarter of 2017, bringing its total order book to over PHP27 billion. (Photo: DMCI Homes/Facebook)
MANILA—D.M. Consuji, Inc. (DMCI), the construction unit of DMCI Holdings, Inc., has added PHP9.5 billion worth of construction projects in the first quarter of 2017, bringing its total order book to over PHP27 billion.
Among the projects awarded to DMCI in Q1 2017 were the Cavite-Laguna Expressway project of MPCALA Holdings, Inc., the Bued Viaduct and Roadway of Private Infra Dev Corporation, the LRT 2 East (Masinag) Stations under the Department of Transportation, and the thermal power plant of JGC Philippines.
“We foresee modest growth this year, which will come mostly from building and infrastructure contracts,” DMCI President Jorge Consunji said.
“The real game-changer would be the rollout of infrastructure projects by the government. If these projects push through as scheduled, then Filipino contractors stand to gain from the construction activities,” Consjui added.
DMCI’s ongoing project include Sections 1 and 2 of the Metro Manila Skyway Stage 3 project of Citra Central Expressway Corporation, Citygate mixed-use development in Makati, The Royalton and Imperium luxury condominiums of Ortigas & Co., The Areté of Ateneo de Manila University and NCCC Mall of LTS Malls, Inc.
On the other hand, it delivered major infrastructure projects such as the NAIA Expressway, LRT 2 East (Masinag) Viaduct, and The Runway connecting NAIA Terminal 3 to Resorts World Manila.
Meanwhile, DMCI’s net profit in Q1 2017 jumped 19 percent to PHP259 million from PHP219 million in Q1 2016.
