D.M. Consunji, Inc. (DMCI), the construction arm of DMCI Holdings, Inc. (PSE: DMC), was awarded infrastructure, energy, buildings, and utilities and plants projects worth P9.5 billion during the first quarter of 2017, bringing its total order book to over P27 billion, 10 percent lower than the P30 billion it posted last year.

Among its newly­signed projects are the Cavite­Laguna Expressway project of MPCALA Holdings, Inc., the Bued Viaduct and Roadway of Private Infra Dev Corporation, the LRT 2 East (Masinag) Stations under the Department of Transportation, and the thermal power plant of JGC Philippines.

Meanwhile, major ongoing projects include Sections 1 and 2 of the Metro Manila Skyway Stage 3 project of Citra Central Expressway Corporation, Citygate mixed­use development in Makati, The Royalton and Imperium luxury condominiums of Ortigas & Co., The Areté of Ateneo de Manila University and NCCC Mall of LTS Malls, Inc.

Three major infrastructure projects— the NAIA Expressway, LRT 2 East (Masinag) Viaduct and The Runway connecting NAIA Terminal 3 to Resorts World Manila, were all substantially completed in 2016.

On a stand­alone basis, DMCI recorded a net income P259 million from January to March, up 19 percent from P219 million the prior­year quarter.

“We foresee modest growth this year, which will come mostly from building and infrastructure contracts. The real gamechanger would be the rollout of infrastructure projects by the government. If these projects push through as scheduled, then Filipino contractors stand to gain from the construction activities,” said DMCI President Jorge A. Consunji.