The Asian Infrastructure Investment Bank (AIIB) led by China has extended to the Philippines two loans totaling $232.18 million (over P13.6 billion) to support the Marcos Jr. administration's ambitious "Build Better More" program. The Beijing-based AIIB disclosed on its website last week that its...
The Asian Development Bank (ADB) has approved a $30 million loan to support the government’s public-private partnership (PPP) projects, aiming to bolster infrastructure development, advance climate action, and enhance economic competitiveness. In a statement on Friday, Dec. 13, the Manila-based...
Prime Solar Solutions Corp. (Prime Solar), a subsidiary of Prime Infra, has activated its 128-megawatt photovoltaic (PV) plants in Tanauan, Batangas, and Maragondon, Cavite, a step towards full commercial operations. Guillaume Lucci, Prime Infra president and chief executive officer, said the move...
Manila Electric Co. (Meralco) and New NAIA Infra Corp. (NNIC) have partnered to modernize the Ninoy Aquino International Airport (NAIA) with sustainable and reliable energy solutions. In a statement on Monday, Dec. 9, Meralco said the partnership aims to address NAIA's persistent power issues and...
Travelers passing by the South Luzon Expressway (SLEX) will soon have a more seamless journey after the tollroad’s operator, SMC Infrastructure, announced the successful incorporation of Artificial Intelligence into its active toll gates. SMC Infrastructure, a subsidiary of conglomerate San...
The government's infrastructure spending surged 16.9 percent to P137.1 billion in September of this year, from P117.3 billion a year ago, according to the Department of Budget and Management (DBM). This increase was driven by robust investments in public works, transportation, and national defense...
New NAIA Infrastructure Corp. (NNIC), operator of the Ninoy Aquino International Airport (NAIA), is looking to ramp up the establishment of a new terminal to serve and accommodate a projected spike in the number of passengers to 50.2 million annually. At a news briefing over the weekend, NNIC...
Passenger experience at the Ninoy Aquino International Airport (NAIA) is expected to improve by 50 percent in the upcoming Christmas season amid improvements from New NAIA Infrastructure Corp.'s (NNIC) first 60 days since the takeover. In a briefing, Ramon S. Ang, NNIC president and chief...
Chelsea Logistics and Infrastructure Holdings Corp. narrowed its net loss by 71 percent in the first nine months of the year to P301 million from the P1.04 billion registered in the same period last year, largely due to its ongoing debt restructuring efforts. However, consolidated revenues rose by...
President Marcos has issued Executive Order (EO) No. 72 which adopts an integrated and harmonized process for formulation, approval, budgeting, implementation, and monitoring of master plans for the infrastructure sector. (MB file photo) In his EO, signed by Executive Secretary Lucas Bersamin on...
Budget Secretary Amenah F. Pangandaman has assured that public projects jointly funded with bilateral and multilateral development partners will be implemented as scheduled next year, as most of them formed part of the regular 2025 budget proposal. "So far, when I saw the GAB [general...
By DERCO ROSAL Infrastructure spending declined in August, mainly due to the weak disbursements made by the Department of Public Works and Highways (DPWH), Department of Budget and Management (DBM) data revealed. In a DBM report, the Marcos administration’s spending on infrastructure and...
