By JAMES A. LOYOLA
Manila Bulletin
D.M. Consunji Inc., a wholly-owned unit of DMCI Holdings, and Marubeni Corporation, have signed a $1.12 billion contract for the engineering, procurement, construction and commissioning of the MRT 7 project.
In a disclosure to the
Philippine Stock Exchange Tuesday, DMCI said the contract was signed with Universal LRT Corporation Limited.
DMCI president Isidro Consunji said their share of the project, comprising all of the civil works, is worth about $500 million adding that they hope the project will “hopefully†start construction in May next year and will be completed after less than three years.
The Marubeni-DMCI consortium will execute and warrant the works for the roughly 22 kilometer rail system which starts from San Jose del Monte, Bulacan and ends at the integrated MRT Line 3 – MRT Line 7 Station at North Avenue corner EDSA, Quezon City.
DMCI said they will build the combined elevated and at grade guideway sections for a maximum period of 42 months. “This infrastructure project will further address the transportation needs of the riding public and alleviate traffic in Metro Manila, particularly traffic going to and coming from Northern Luzon.
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Topic: MRT 7 Manila Project (Read 994 times)