Contract withdrawn for Philippines highway contract causing delay

The project to construct a connecting road between the South Luzon and North Luzon expressways in the Philippines now looks set to be delayed. The US$409 million contract previously awarded to a joint venture comprising Philippine National Construction Corp (PNCC) and Metro Pacific Investments Corp (MPIC), has been withdrawn for unspecified reasons. The country’s Department of Public Works and Highways says that the contract has been returned to the National Economic and Development Authority (NEDA) for new
August 14, 2014 Read time: 1 min

The project to construct a connecting road between the South Luzon and North Luzon expressways in the Philippines now looks set to be delayed. The US$409 million contract previously awarded to a joint venture comprising 3194 Philippine National Construction Corp (PNCC) and 5815 Metro Pacific Investments Corp (MPIC), has been withdrawn for unspecified reasons. The country’s 2569 Department of Public Works and Highways says that the contract has been returned to the 6316 National Economic and Development Authority (NEDA) for new approval. The works will be offered again to bidders through the Swiss Challenge system although the joint venture partners will be able to bid once more.

Finance & Funding

Related Content

  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi
    Read More
  • Colombian concession contracts cause concern
    June 13, 2014
    A report from insurance firm AIG warns that up to half of Colombia's 4G highway concessions could face financial hurdles due to over-estimated predictions of traffic flows. Colombia is at present putting out to tender its fourth generation (4G) concessions, which involve some US$25 billion in investment, reports Business News America. This investment is impressive and is Latin America's biggest move to expand and improve road infrastructure. But while many companies have shown interest and were prequalified
    Read More
  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports
    Read More
  • Texas highway upgrade commencing
    May 11, 2021
    A new Texas highway upgrade project is commencing.
    Read More

Highlighted Content