Our Philippine client ordered 10units LTC08H road roller, 4units LT214B road roller, 1 units LTC203P road roller for Philippine construction projects in this year.
The establishment of much-needed transport infrastructure like the Metro Manila Subway project are already underway.
The Philippines’ construction sector is projected to grow 10.9% in 2019 on the back of a healthy project pipeline and growing foreign direct investments, according to a report by Fitch Solutions.
The report highlighted how the sector would be boosted by progress made on Phase 1 of the $75b Metro Manila Subway project, a 25 km-long fully underground subway system that will run from Quezon City’s Mindanao Avenue to Manila International Airport. The system will link key districts within Metro Manila to alleviate traffic congestion once it is completed in 2025.
Considered as the largest project of president Rodrigo Duterte’s ‘Build Build Build’ infrastructure programme, the project is partially financed by a $985m loan disbursed by Japan International Cooperation Agency (JICA), the report highlighted.
“We believe relative political stability within the country will be a plus for the sector as policies enacted by the current government will benefit from continuity over the next few years,” Fitch Solutions added. “Also, the country is home to large pipeline of transport projects which span across different sub-sectors.”
没有评论:
发表评论