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First tunnel boring machine for Makati subway arrives

BusinessWorld
May 14, 2021 | 7:17 pm
Makati subway scale model BW FILE PHOTO
PHILIPPINE Infradev Holdings, Inc. on Friday received its first tunnel boring machine (TBM) for the Makati subway project, its chief executive officer said.
Philippine Infradev President and Chief Executive Officer Antonio L. Tiu in a tweet on Friday said that the company received the first of five tunnel boring machines for the Makati subway (MkTr) project.
“Our (Infradev Chairman Jin Hua Ren) will accept the TBM in simple ceremonies,” he said.
Construction of the Makati City subway station 5, the main site where tunnel boring machines will be set up, could happen by 2023. ....

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Makati subway builder inks deal for lot acquisition, financing for project's main station

Makati subway builder inks deal for lot acquisition, financing for project’s main station
By TED CORDERO, GMA News
Published March 12, 2021 4:46pm
Listed Philippine Infradev Holdings Inc., the builder of the Makati City Subway, has secured a deal for the financing and land acquisition for the main station of the underground train system project.
In a statement on Friday, Infradev said its wholly-owned subsidiary Makati City Subway Inc. (MCSI) signed a joint venture agreement with Richer Today Inc. (RTI).
The company said MCSI formed an unincorporated joint venture with RTI for the “financing, design, construction, development, marketing, and sale of some 5.5 hectares of lots in and around Station 5 of the Makati City Subway Project.” ....

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Construction of Makati subway main site may happen after 2 years

Construction of Makati subway main site may happen after 2 years
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Singapore's Redco withdraws Makati Subway share purchase deal

Published March 12, 2021, 2:19 AM
Redco Transit Development Pte Ltd. (Redco) of Singapore has terminated its planned acquisition of shares in Makati City Subway Inc. (MCSI) from Philippine Infradev Holdings Inc. (PIHI) and Hong Kong Binjiang Industrial Limited (HK Binjiang).
The Philippine Competition Commission (PCC) on March 9, 2021 was informed by the parties of the withdrawal their merger notification on the Makati Subway transaction citing circumstances arising from the COVID-19 pandemic.
“The parties withdrew their notification of the transaction currently undergoing merger review, and informed the MAO that they decided not to pursue the transaction and to terminate their Share Purchase Agreement due to circumstances arising from the COVID-19 pandemic,” the PCC through its Mergers and Acquisitions Office (MAO). ....

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HK Binjiang investment in Makati subway terminated

HK Binjiang investment in Makati subway terminated
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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