Months after Razon-led Prime Infrastructure Capital Inc. (Prime Infra) moved to acquire a majority stake in the gas business of Lopez-led First Gen Corp. (FGen), both parties are now awaiting the green light from the anti-trust watchdog Philippine Competition Commission (PCC) to complete the deal....
President Marcos has underscored the government’s push to open regional tourism and business hubs to international flights, saying these would allow foreign travelers to skip Metro Manila and head straight to their chosen destinations. Marcos said this as he led the groundbreaking of the...
PrimeWater Infrastructure Corporation and Bacolod City Water District (BACIWA) are pumping up Bacolod’s water supply with the recent activation of the Matab-ang Water Treatment Plant (WTP) in Barangay Granada, which is expected to scale output to six million liters per day (MLD) within the year....
Construction of the Samal Island–Davao City Connector (SIDC) Bridge exceeded its target progress under the Department of Public Works and Highways’ (DPWH) infrastructure program in Mindanao. In a report to DPWH Secretary Manuel M. Bonoan, Senior Undersecretary Emil K. Sadain said the bridge...
Despite delays, the Metro Manila flood control project being funded by loans from the Washington-based World Bank Group (WBG) and the China-led Asian Infrastructure Investment Bank (AIIB) has so far benefitted over half a million residents in flood-prone areas. “To date, more than 600,000 people...
PrimeWater Infrastructure Corp. announced that the company is nearing the completion of its transmission line extension project in San Jose del Monte (SJDM), Bulacan, by the end of June. In a statement over the weekend, PrimeWater noted that the Transmission Line Extension Project from Barangay...
Three major projects — focused on air navigation, telecommunications, and earth observation — worth a combined ₱63.6 billion have been added to the Public-Private Partnership (PPP) pipeline, bringing the total to ₱2.61 trillion. Documents shared by the PPP Center with reporters on Friday,...
WawaJVCo, Inc. said the company is accelerating preparations for the Upper Wawa Dam 's commercial operations in December, following the project 's completion seven months ahead of schedule. In a statement on Friday, June 20, the joint venture company between Prime Infrastructure Capital,...
As public schools welcomed a new school year this week, Department of Education (DepEd) Secretary Sonny Angara on Wednesday, June 18, addressed the agency’s urgent priorities, tackling critical issues such as classroom shortages, teacher hiring, learning recovery, and student health—in...
LIMA Infrastructure Inc., a subsidiary of Aboitiz InfraCapital Economic Estates, has been named as the government’s newest investment promotion partner, tasked with driving fresh investments into the country. In a statement, the Philippine Economic Zone Authority (PEZA) announced that it had...
The Department of Public Works and Highways (DPWH) has launched a 24-month feasibility study for the construction and replacement of 25 priority bridges across 11 regions in Luzon, Visayas, and Mindanao. DPWH Secretary Manuel M. Bonoan, through Senior Undersecretary Emil K. Sadain, said the study...
Lopez-led First Gen Corporation has formally reported to the Securities and Exchange Commission (SEC) that it will be unloading 60 percent of its gas businesses to Prime Infrastructure Capital Inc., a company owned by billionaire Enrique Razon, for ₱50 billion through the execution of a term...
