Wednesday, August 21, 2019
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China’s state-sponsored companies are now dominating the Philippines




HERE’S A LIST OF CHINA’S SPONSORED COMPANIES WHO ARE NOW DOMINATING IN THE PHILIPPINES

China Railway Corporation – The construction of phase 1 of the Department of Transportation’s Mindanao Railway Project with funds from Chinese Official Development Assistance “is a done deal,” project manager Patmei Ruivivar said.

Ruivivar told a press conference that this was confirmed to her by Transportation Undersecretary for railways Timothy John Batan.

Batan joined the high level meeting between Cabinet secretaries and other senior government officials and their Chinese counterparts to discuss the administration’s infrastructure projects.

But Ruivivar said she was not aware if the two countries had signed any agreement as the funding package was being handled by the Department of Finance.

She said she was not also informed how much in initial funding the Chinese government has committed out of the P130-billion financial requirement to build the 102-kilometer phase 1 of the two-track electricity-run railway that will straddle Tagum City, Davao City and Digos City.




China Harbour Engineering Company – Udenna Development Corp. (UDEVCO), Ulticon Builders, Inc. and China Harbour Engineering Company Limited was awarded to reclaim and develop 265 hectares of foreshore and offshore areas of Manila Bay worth P62-billion located at the western part of Pasay City, Lawrence G. Velasco, project development director of the Public-Private Partnership (PPP) Center, said in the second Philippine Construction Congress. China Harbour Engineering Company is the same Chinese firm who dredged and built China’s artificial islands in the West Philippine Sea. [READ MORE HERE]

Power Construction Corp. of China – The Chinese-led consortium tapped by the government to rehabilitate the former main battle area in Marawi City.

The contract to rehabilitate 250 hectares inside the former city proper is estimated at P17.2 billion ($332.91 million). The government said the terms of agreement with the Bangon Marawi Consortium (BMC) are still being finalized.

China Energy Engineering Corp. (CEEC) – Chinese state-owned firm China Energy Engineering Corp. (CEEC) is eyeing to invest around USD4.4 billion in building common cell towers that may be leased to telcos to ensure improvement in the delivery of their communication services.

This, as the Department of Information and Communications Technology (DICT) signed a memorandum of understanding (MOU) with CEEC on the deployment of the cell sites.

The company said it has the capability of meeting DICT’s target of building 50,000 cell sites to make the Philippines competitive with its neighboring countries in providing quality telco services to the public. [READ MORE HERE]




China International Telecommunications and Construction Corp – The Department of the Interior and Local Government (DILG) and state-owned China International Telecommunications and Construction Corp. (CITCC) have entered into a P20-billion loan agreement to fund the installation of a vast network of security cameras – initially in Metro Manila and Davao.

The commercial contract of Phase 1 of the Safe Philippines project is listed as no. 24 of 29 agreements released by Malacañang as signed during the state visit of Chinese President Xi Jinping last month.

Under the project, an initial 12,000 closed-circuit television (CCTV) cameras will be installed in Metro Manila and Davao City in 30 months. [READ MORE HERE]

READ: China interested to buy Subic Shipyard for commercial and military purposes