Consunji family sets aggressive infra growth strategy
D.M. Consunji, Inc. (DMCI) is scouring the globe, searching for partners to complement its construction expertise as it makes an aggressive push into the infrastructure scene.
DMCI said discussions are ongoing with major players in Asia, Europe and the Middle East who can add value in terms of efficiency, cost design and methodology.
The move is in line with the Duterte administration’s plan to boost infrastructure spending to a record and bolster the country’s growth potential to as much as nine percent.
Jorge A. Consunji, president of DMCI, said the talks are in the exploratory stage as the company is still awaiting bid documents for the big-ticket infrastructure projects which include roads, bridges, airports and mass urban transport.
“There are new technologies being developed and adopted all over the world that can be used in the Philippines to make our infrastructure more cost-efficient and responsive to end-users,” Consunji said.
“Based on our experience, building the infrastructure is the easy part. Getting the projects off the ground is the real challenge,” he added.
DMCI has a long history of building key infrastructure in the Philippines, including the EDSA- Santolan Flyover, South Metro Manila Skyway Project (Stage 2), Tarlac-Pangasinan-La Union Toll Expressway and the recently opened Phase 2A of the Ninoy Aquino International Airport Expressway.
The company is also building the portion of the Metro Manila Skyway Stage 3 that will connect Buendia in Makati to Nagtahan and Ramon Magsaysay Boulevard in Manila.
By next year, DMCI expects to proceed with the construction of the Laguna side of the Cavite-Laguna Expressway.