Investment in the Philippines

Indonesian firm Citra is to construct the South Metro Manila Skyway Stage 4 highway project and the Skyway Stage 3 project in the Philippines. In all Citra plans spending a total of US$1.5 billion on its works in the Philippines.
April 24, 2012 Read time: 1 min
Indonesian firm Citra is to construct the South Metro Manila Skyway Stage 4 highway project and the Skyway Stage 3 project in the Philippines. In all Citra plans spending a total of US$1.5 billion on its works in the Philippines. The South Metro Manila Skyway Stage 4 highway project will run between Antipolo and Paranaque while Stage 3 will run between Balintawak, Quezon City and Bicutan, Taguig City. Citra has said that the Stage 3 and Stage 4 projects will cost some $300 million to construct from the $1.5 billion budget while the firm intends to invest the remaining $1.2 billion in other infrastructure work. Citra is buying a number of toll road projects in the Philippines.

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