Improved right-of-way acquisition key to timely Skyway 3 completion — Villar
Improved acquisition of road right-of-way was among the key reasons behind the recent completion of the Metro Manila Skyway Stage 3, Public Works and Highways Secretary Mark Villar said Saturday. Public Works and Highways Secretary Mark Villar (MARK VILLAR FACEBOOK / MANILA BULLETIN FILE PHOTO) In a statement, Villar commended the department’s task force responsible in speeding up the road right-of-way (RROW) acquisition for the elevated expressway that links the southern and northern parts of Metro Manila. “We are now on the final stage of the Skyway Stage 3 Project that will link the southern and northern portions of Metro Manila by connecting SLEX and NLEX before the end of 2020. This would not be possible if not for the commitment of our DPWH ROW Task Force who have worked relentlessly with concessionaire CITRA Central Expressway Corporation (CCEC) to speed up delivery of needed ROW,” Villar said. Right-of-way acquisition, the secretary stressed, is the most common cause of project delay, especially under public-private partnership. This prompted the creation of a task force for each flagship program and decentralization of ROW operations under Department Order No. 65, series of 2017. According to Villar, prior to the issuance of DO 65, “ROW acquisition for the Skyway Stage 3 was sluggish at 8.64 percent, even though it had been 35 months since it commenced in 2015.” The improved system, he said, allowed them to acquire 95 percent of ROW in two years and seven months. It is instrumental in facilitating the ROW acquisition, particularly on the issue of National Grid Corporation (NGCP) and Meralco on the removal and relocation of their respective facilities, the secretary said. As of September 2020, 40 out of the scheduled 47 service utilities of NGCP had been completely removed/relocated, five ongoing, and two for expropriation. Out of the 1,312 Meralco utilities affected, 1,090 were completely removed or relocated, 24 ongoing, and 198 not to be relocated anymore, while 95.0 percent site possession had been delivered. “We recognize the need to speed-up ROW acquisition for the timely realization of our Build, Build, Build program and with our formed ROW task forces, the public can expect more big-ticket projects to be completed in the coming months and years,” Villar said. He bared that a fifth segment had been introduced at the north end of the project from Balintawak Cloverleaf at Epifanio delos Santos Avenue (EDSA). This will connect to the North Luzon Expressway Footbridge to avoid traffic congestion along A. Bonifacio Street and EDSA......»»
2 teams forge ahead in Southwoods Invitational golf tilt
An in-form Shinichi Suzuki fueled another potential title charge at the Southwoods Invitational, teaming up with new partner Yoshikazu Hino to produce 90 points and tie Rolly Tolores and Faustito Caballero Jr. after the completion of the first round......»»
DOTr: Speedy ROW resolution key to NSCR timetable
The speedy resolution of rights-of-way concerns and the resettlement of informal settlers living along the planned route of the North South Commuter Railway are crucial components for the on-time completion of the vital transportation infrastructure, the Department of Transportation said......»»
PDEA gets 4 more K9 dogs
The Philippine Drug Enforcement Agency got an added boost to its operational capabilities with the acquisition of four narcotics detection dogs on Wednesday......»»
ICT FY23 net income down 17% to US $511-M
International Container Terminal Services, the multi-national port operator owned by Enrique Razon, posted FY23 net income of $511 million, which was down 17% from FY22’s $618 million due to a “non-recurring and non-cash impairment of goodwill” related to ICT’s acquisition of Pakistan International Container Terminal, and to various other increases in expenses and liabilities......»»
Blackwater s Ilagan steps up for injury-hampered Nambatac
New Blackwater acquisition Rey Nambatac played just five minutes against the TNT Tropang Giga on Saturday......»»
Completion of new projects boosts ALLHC’s hopes this year
The completion of new projects is seen boosting the financial performance of AyalaLand Logistics Holdings Corp. (ALLHC) this year after lower revenues pulled down the company’s earnings in 2023......»»
DTI eyes completion of ITA IRR by March 19
The Department of Trade and Industry (DTI) is hoping to complete the implementing rules and regulations (IRR) of the Internet Transactions Act (ITA) by March 19, according to an official of the agency......»»
STI to acquire business school PSBA
STI Education Systems Holdings Inc. is beefing up its network of schools in the country with the acquisition of the Philippine School of Business Administration......»»
Metro Manila Subway project now 40% complete, says DOTr
The Philippines' first-ever underground mass transport system is almost halfway through completion after it recorded an overall project implementation progress rate at 40% as of January 2024......»»
Aboitiz Equity Ventures closed transaction to acquire 40% interest in Coca-Cola PH
The takeover of Coca-Cola Beverages Philippines Inc. by Aboitiz Equity Ventures and Coca-Cola Europacific Partners has closed upon completion of “all conditions precedent” to the transaction......»»
India orders BrahMos cruise missiles worth $2.3bn
The government has approved the purchase of 200 of the supersonic weapons, which were co-developed with RussiaNew Delhi's Cabinet Committee on Security cleared the acquisition of 200 BrahMos extended-range supersonic cruise missiles on Wednesday. The new weapons, developed jointly by India and Russia, are to be purchased for around 190 billion rupees ($2.3 billion). They will be mounted on warsh.....»»
India orders BrahMos cruise missiles worth $2.3bn
The government has approved the purchase of 200 of the supersonic weapons, which were co-developed with RussiaNew Delhi's Cabinet Committee on Security cleared the acquisition of 200 BrahMos extended-range supersonic cruise missiles on Wednesday. The new weapons, developed jointly by India and Russia, are to be purchased for around 190 billion rupees ($2.3 billion). They will be mounted on warsh.....»»
Aboitiz completes acquisition of Coca-Cola Philippines
The Aboitiz Group’s entry into the branded consumer goods space is ready to commence with its successful acquisition of Coca-Cola Beverages Philippines Inc......»»
Aboitiz, CCEP complete Coca-Cola Beverages Philippines Inc. acquisition
Aboitiz, CCEP complete Coca-Cola Beverages Philippines Inc. acquisition.....»»
CCS approves Rs 19,000 cr mega Indian Navy deal for BrahMos missiles
By Ajit DubeyNew Delhi [India], February 22 (ANI): In a mega boost for the Indian Navy, the Cabinet Committee on Security has cleared the acquisition of over 200 BrahMos extended-range supersonic cruise missiles for deployment on its warships. The deal worth around Rs 19,000 crore was cleared in a meeting held on Wednesday evening, top government sources told ANI. The contract is set to be signed in the first week of Marc.....»»
CCS approves Rs 19,000 cr mega Indian Navy deal for BrahMos missiles
By Ajit DubeyNew Delhi [India], February 22 (ANI): In a mega boost for the Indian Navy, the Cabinet Committee on Security has cleared the acquisition of over 200 BrahMos extended-range supersonic cruise missiles for deployment on its warships. The deal worth around Rs 19,000 crore was cleared in a meeting held on Wednesday evening, top government sources told ANI. The contract is set to be signed in the first week of Marc.....»»
PLDT’s acquisition of Sky Cable canceled
PLDT’s acquisition of Sky Cable canceled.....»»
Marcos to BCDA: Ensure timely completion of airport access road
Marcos to BCDA: Ensure timely completion of airport access road.....»»
Capital One to Acquire Discover for $35 Billion in Merger of Major US Credit Card Companies
Capital One Financial has announced plans to purchase Discover Financial Services in a landmark deal valued at $35 billion. The acquisition, which will be an.....»»
Parañaque’s P4 billion satellite office nears completion
The construction of a 15-story satellite office of the Parañaque City government, located in Entertainment City along Coastal Road, is 70 percent complete, Mayor Eric Olivarez announced yesterday......»»