DMCI gets $51.5m rail contract in PH

Listed Philippine holding firm DM Consunji Inc (DMCI) nailed a construction contract of the Light Rail Transit Line 2 (LRT-2) system in Manila with a winning bid of $51.5 million (P2.27 billion).

The Department of Transportation and Communications (DOTC) awarded on Tuesday the contract to DMCI to undertake the construction of a 3.9-kilometer elevated guideway for the LRT-2 East Extension, stretching from the railway’s current end-station in Santolan in Pasig City to Masinag in Cainta, Rizal province.

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