3 weeks Chinese firm to build Makati subway Inquirer
Businessman Antonio Tiu-led Philippine Infradev Holdings Inc. has awarded a $1.21-billion engineering, procurement and construction (EPC) contract for the first eight-kilometer phase of the Makati subway project to state-owned China Construction Second Engineering Bureau Co. Ltd. It is the sole subsidiary of China State Construction Engineering Corp. with large construction projects in China and operates out of Iraq, Jordan, United Arab Emirates, Botswana, Vietnam, Brunei and Algeria. In a text message, Tiu said several Chinese state-owned enterprises had given their intent to undertake the project but noted that China Construction Second Engineering submitted the best terms. Th...Keep on reading: Chinese ... more