MANILA, Philippines – D.M. Consunji Inc. (DMCI), the construction arm of the Consunji Group’s diversified engineering conglomerate DMCI Holdings Inc. has won building and water projects worth P2.9 billion during the first quarter, bringing its total order book to P30 billion.
Its newly signed projects include Ayala Land Inc.’s City Gate, a mixed-use development in the Makati Central Business District, a water reservoir in Quezon City and a turbine plant in Batangas.
Apart from the newly signed contracts, its major ongoing projects include Metro Manila Skyway Stage 3, civil works for LRT-2 east, and the Areté of Ateneo de Manila University.
The big-ticket NAIA Expressway projects such as Package 2A which spans Macapagal Avenue to Terminals 1 and 2 and Package 2B, which is from MIA Road to Terminal 3, meanwhile, are expected to be completed by June 2016 and before year-end, respectively, said DMCI president Jorge Consunji.
Consunji said the company hopes the new administration would push forward an infrastructure program for much needed infrastructure in the country.
“We look forward to the infrastructure program of the new administration. A lot needs to be done to enhance the mass transport system, road network, flood control system and tourism infrastructure of our country. Hopefully, more public-private partnerships will be awarded and implemented within the next six years,” he said.
The construction arm reported a 12-percent drop in revenue during the quarter but still reported an income contribution of three percent to P197 million during the period from P191 million a year ago as total construction costs fell at a faster pace.
From P3.1 billion the previous year, first quarter total construction costs declined 14 percent to P2.7 billion.