DMCI Holdings Inc. has team up with a Japanese group to bid for the first phase of the North-South Commuter Rail project, a 38 kilometer rail line connecting Malolos, Bulacan and Tutuban, Manila. DMCI Team Up with Japanese Group to Bid for NSCR Project. The transportation department said that eligible bidders must have a Japanese prime contractor, with no nationality restrictions on sub-contractors.
DMCI Team Up with Japanese Group to Bid for NSCR Project. The company is keen on bidding for the first phase of the NSCR elevated railway project which is expected to reduce travel time from Malolos to Tutuban to 35 minutes from 2 hours and allow economic activities to spread out to the surrounding areas of Metro Manila.
The NSCR project will be partially funded by Japan’s official development assistance loan amounting to 241.991 billion yen signed in November 2015. The project will use advanced Japanese technologies, including seismic designs to make the infrastructure disaster-resilient.
DMCI Holdings president Isidro Consunji did not identify the Japanese joint venture partner because of a non-disclosure agreement. He expressed optimism that Japanese ODA-funded infrastructure projects would push through given that there will also be no right-of-way issue involved.
The project is targeted to be completed by 2022, would be “the biggest game changer” and “centerpiece” of the Duterte administration.
DMCI said that the recent developments in the availability of right-of-way would help improve the company’s revenue in the second half. It said the ongoing bids and negotiations for privately-funded projects and the government’s rollout of the ‘Build, Build, Build’ program would also help the company increase its order booking next year.
DMCI expects better performance from the construction unit this year because of more ongoing projects and newly-awarded projects that will commence later this year. Read more