The Philippines’ 2017 infrastructure budget is at a record high of 5.4% of GDP and plans for infrastructure spending will extend up to PHP8 trillion through 2022. These, together with confidence in the country’s continued economic growth despite a fragile global environment, will pave the way for what is bannered as the Golden Age of Philippine Infrastructure. We are optimistic about the national government’s desire to make things happen.
As the newly established fifth leg of the Aboitiz Group, Aboitiz InfraCapital (AIC) is poised to take advantage of the growth momentum and the government’s commitment to bolster further advancement, by building the right infrastructure that will advance business and communities.
Major public infrastructure such as roads, airports, rail and water systems are seen as conduits to trade and progress; therefore they remain as priority sectors in AIC’s growth strategy. A large part of the government’s mandate is to foster economic growth while meeting the needs of the people, and we want to seize viable opportunities to work with them on these initiatives.
Aptly billed as ‘Build, Build, Build’, the official national infrastructure plan features an extensive list of priority projects situated not only in Metro Manila, but also in regional urban centers. The plan shows a thrust towards inclusive growth and development.
We continue to look into participating in public infrastructure projects across different modalities. We are monitoring the progress of projects in the pipeline, among them, the Regional Airports Project (Iloilo, Bacolod, Davao, Laguindingan, and Bohol) and the LRT 2 Project.
Republic Cement & Building Materials, Inc. (RCBM) celebrated its first year as a CRH-Aboitiz company. With seven operating plants strategically located across the country, RCBM is the Philippines’ second largest producer of cement. The Republic Cement Group is creating a strong platform for future growth by investing in sustainable building materials and solutions that will help meet the country’s rapidly growing infrastructure needs.
Last year, we commissioned our newest finish mill in Norzagaray, Bulacan, located north of Metro Manila. The expansion of the plant’s milling capacity will boost its production capacity by 850,000 metric tons annually. Its state-of-the-art FCB Horomill is designed to be fully automatic and energy efficient.
RCBM’s plants also use alternative fuel such as rice husk, saw dust, and refuse-derived fuel supporting our initiative to lower our carbon footprint and help address the solid waste disposal problem in Metro Manila.
We remain committed as an active partner in nation building, empowering our people and evolving our construction solutions to improve lives, develop better communities and push our boundaries towards global excellence.
Water is the most basic yet indispensable element of thriving communities and business operations. In a major city such as Davao, the boom and influx of population and investment only serve to further strain the inadequate water source in the form of deep wells. The city needs something better to match the pace of growth.
Apo Agua Infrastructura Corp. (Apo Agua), our 300-million-liters-per-day bulk water project, aims to provide the city with a sustainable water source. Now, more than ever, we feel the urgency to fulfill this promise to Davaoeños.
We have already commenced design works and completed land acquisition for the water facility, alongside securing approval from the Board of Investments and other permits for this landmark project. As we look to proceed with project construction, our team in Davao also continues with their stakeholder initiatives to strengthen relationships built with our host communities over the past year.
Advancing Lives Through Infrastructure
As the new official AIC team, we are continuously adapting our strategy to the evolving landscape to find better solutions towards sustainable nation building. As a group, we have created strong ties and received the respect of our local communities. Our solid regional roots and the capability to make contributions on the national stage are what set us apart, and we intend to uphold this in our mission to further advance the lives of Filipinos via infrastructure development.
Erramon I. Aboitiz
The establishment of AIC officially marks our concerted push into infrastructure, through which we seek to contribute to our country’s rapid development. We continue to capitalize on our traction in the building material and water spaces while identifying and pursuing new avenues into other key infrastructure sectors.
– Sabin M. Aboitiz, President, Aboitiz InfraCapital
As the newest leg of the Aboitiz Group, AIC is geared to take on the challenges of infrastructure development for the continued betterment of the country and of our fellow Filipinos.
– Randall Antonio, EVP and COO, Aboitiz InfraCapital