DMCI says ‘gearing up’ for North-South Commuter Railway project
MANILA, Philippines — D.M. Consunji Inc. (DMCI) said Tuesday it was “gearing up” for the Phase 1 of the North South Commuter Railway (NSCR) project, adding the company would earmark P2 billion in capital expenditures for the next two years to support its railway construction activities.
In a disclosure to the stock exchange, DMCI said it would employ up to 5,000 direct and indirect workers within the next 30 months to meet the manpower requirements of the NSCR project, which is expected to be completed in 42 months.
“Building mass transport systems and high-impact infrastructure is part of our DNA. We are very excited and grateful to be part of this game-changing project for our country,” DMCI president and CEO Jorge Consunji said.
The NSCR project has a total contract value of ¥114 billion or approximately P54 billion based on prevailing exchange rates. The project will use the existing alignment of the Philippine National Railway, which runs from Malolos, Bulacan to Tutuban in Manila.
According to DMCI, the project involves the construction of 22-kilometer elevated viaduct structures, six stations and a depot, which will be located in Valenzuela.
The Department of Transportation recently awarded the NSCR Phase 1 contract to the joint venture of DMCI and Taisei Corporation of Japan.
“Once completed, the railway will shorten travel time between Malolos and Tutuban from one hour and 30 minutes to just 35 minutes. This rail line is expected to serve 300,000 passengers daily,” DMCI said.
“The trains will have the maximum operating speed of 120 kilometers per hour,” it added. — Ian Nicolas Cigaral
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