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Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles

The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Vivant FY23 profit: P2.3-B (up 43%)

Vivant Corporation [VVT 14.32 unch; 0% avgVol] [link] teased an FY23 net income of P2.3 billion, up 43%, boosted by the recognition of P366 million in a one-time, non-core “management and technical contract”......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

PCC reviews Ayala unit’s acquisition of North Luzon drugstore chain

PCC reviews Ayala unit’s acquisition of North Luzon drugstore chain The Philippine Competition Commission (PCC) is conducting a deeper review of the proposed acquisition by Ayala Corp.’s unit of a substantial stake in North Luzon drugstore chain St. Joseph Drugstore......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2024

CLLEx right-of-way row resolved; project to resume Q2 — Zambales guv

The Central Luzon Link Expressway, which has faced long delays due to right-of-way claims, got a new lease in life after a dialogue between project officials and landowners affected by the project resolved problems besetting the government project......»»

Category: financeSource:  philstarRelated NewsMar 31st, 2024

Alternergy reallocates IPO proceeds to Tanay and Alabat projects

Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

Who is Atty. Kent Francesco Jongoy, the newly endorsed CBRT project manager?

CEBU CITY, Philippines — Cebu City Mayor Michael Rama has recently endorsed a new project manager for the Cebu Bus Rapid Transit (CBRT) project. Meet incoming CBRT project manager Lawyer Kent Francesco Jongoy, the assistant head of the Cebu City Transportation Office (CCTO), the head of its Public Mass Transportation Division, and its legal officer......»»

Category: newsSource:  inquirerRelated NewsMar 7th, 2024

300M Coliseum Project is set to be constructed at the CatSU Compound

Catanduanes State University’s leadership joyfully announces the initiation of a 300 million project aimed at constructing a coliseum on a one-hectare plot within the campus. In a statement by President Patrick Azanza, he indicated that the initial phase, valued at 100 million, is slated to commence this year, with the entire project anticipated to conclude […] The post 300M Coliseum Project is set to be constructed at the CatSU Compound appeared first on Bicol Peryodiko......»»

Category: newsSource:  inquirerRelated NewsJan 11th, 2024

City’s Bypass Construction Project 80% complete

THE roadwork for the Davao City Bypass Construction Project is nearing its completion, the Department of Public Works and Highways (DPWH) revealed......»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

City’s Bypass Construction Project 80% complete

THE roadwork for the Davao City Bypass Construction Project is nearing its completion, the Department of Public Works and Highways (DPWH) revealed......»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

City’s Bypass Construction Project 80% complete

THE roadwork for the Davao City Bypass Construction Project is nearing its completion, the Department of Public Works and Highways (DPWH) revealed......»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

City’s Bypass Construction Project 80% complete

THE roadwork for the Davao City Bypass Construction Project is nearing its completion, the Department of Public Works and Highways (DPWH) revealed......»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

City’s Bypass Construction Project 80% complete

THE roadwork for the Davao City Bypass Construction Project is nearing its completion, the Department of Public Works and Highways (DPWH) revealed......»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

City’s Bypass Construction Project 80% complete

THE roadwork for the Davao City Bypass Construction Project is nearing its completion, the Department of Public Works and Highways (DPWH) revealed......»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

City’s Bypass Construction Project 80% complete

THE roadwork for the Davao City Bypass Construction Project is nearing its completion, the Department of Public Works and Highways (DPWH) revealed......»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

Upper Wawa Dam project now 93% complete

WawaJVCo Inc., a joint venture led by ports and casino tycoon Enrique Razon, has moved a step closer in completing its planned Upper Wawa Dam project, touted as the largest water supply dam to be constructed in the country in over 50 years......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

SMC launches PHL’s first complete biodiversity offset Site in Bulacan

San Miguel Aerocity, Inc. (SMAI), a subsidiary of San Miguel Corporation (SMC), has inaugurated its Saribuhay sa Dampalit project in Barangay Pamarawan, Malolos, Bulacan. This pioneering initiative marks the launch of the Philippines’ first Biodiversity Offset Program (BOP)  — part of the company’s nature-based solutions to building its New Manila International Airport project (NMAI) in ….....»»

Category: filipinoSource:  hatawtabloidRelated NewsFeb 25th, 2024

SPNEC to finish P200 billion solar project by 2027

SP New Energy Corp. is eyeing to fully complete the world’s largest solar project by 2027......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

SPNEC confirms 2026 as the completion target for Phase 1 of Terra Solar Project

SP New Energy confirmed, in response to a PSE query, that it plans to complete the 3.5 GW Terra Solar Project in two phases......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

Kumong Bol-Anon 15 bares complete fight card

CEBU CITY, Philippines– The complete fight card for the much-anticipated “Kumong Bol-Anon 15” of the PMI Bohol Boxing Promotions was officially unveiled. The April 30 fight card will feature a total of six bouts that will be held at the Holy Name University gymnasium in Tagbilaran City, Bohol. The main event is considered one of.....»»

Category: newsSource:  inquirerRelated NewsApr 23rd, 2024