Philippines delays infrastructure projects amid corona virus
The government of the Philippines has delayed infrastructure projects amid coronavirus pandemic. In efforts to stop the spread of COVID-19, several projects such as Ninoy Aquino International Airport (Naia), New Manila International Airport and Sangley International Airport, all procured on Public-Private Partnerships, has been delayed.
The Department of Transportation in the Philippines has also suspended all the meetings until further notice. The regional government-managed infrastructure projects are also affected due to the measures taken by the central government.
Country updates
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March 18, 2020
Philippine defers sale of Tollways Corporation
The government of the Philippines has deferred the sale of its 20% stake in Tollways Management Corporation (TMC). The decision has been taken due to the community quarantine situation in Manila amid...
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March 10, 2020
Preferred bidder for Sangley Point International Airport faces difficulties in compliance
The provincial government of Cavite in the Philippines has selected a consortium of MacroAsia and Chinese Communications Construction Company Ltd (CCCC) as preferred bidder for the Sangley P...
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February 20, 2020
Groundbreaking of Bulacan airport PPP project is delayed
The Government of the Philippines said that it may forfeit the PHP 11 billion (US$217 million) performance bond of San Miguel Holdings Corporation (SMHC) if the company fails to comply with the conces...
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February 20, 2020
Philippine Infradev sells 35% stakes in Makati City Subway Inc. to Redco Properties Group
Philippine Infradev Holdings Inc. (IRC), one of the developers of the Makati City Subway (MCSI) project, has entered into an agreement with the Hong Kong Binjiang Industrial Limited, a...
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February 07, 2020
Prime Metroline infrastructure to acquire 25% stake in Manila Water
Prime Metroline Infrastructure Holdings Corporation has announced an agreement to acquire a 25% stake in the Manila Water company Inc. Prime Infra signed a subscription agreement to acquire 820 m...
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