LAPU LAPU CITY. — DMCI Holdings Inc. through unit DMCI Homes is expanding further to the provinces, its chairman Isidro Consunji said.
Consunji said DMCI Homes has acquired a 9,695-square meter (sq.m.) property in Lahug, Cebu City to complement the latter’s Barangay Guadalupe property acquired last year.
DMCI Homes is also looking at a similar property in Iloilo.
“We’re also trying to develop a gated development, hopefully one in Bataan and one in Calaca,” said Consunji, as he revealed plans by the company to venture as well in socialized housing.
Alfredo Austria, DMCI Homes president, said the Cebu Properties will feature the company’s typical high rise project, though a low-density one.
In a statement, DMCI Homes said similar to its projects in other parts of the country, the two upcoming developments will be vertical communities that will bear the company’s hallmarks of innovative design and engineering coupled with resort-inspired amenities such as lush landscaping and spacious recreational facilities.
“Cebu is one of the fastest growing economies in the Philippines. Expanding here is a natural step for us,” said Austria.
Austria said part of the plan is to launch two projects next year for the two properties, with the first being a four-hectare high rise project. While the buildings will be high-rise, it will be unique because of the large open spaces that will be set aside, Austria said.
“Each hectare will have only one tower for a total of only four towers in four hectares,” said Austria.
DMCI Holdings’ construction arm DM Consunji, Inc., (DMCI) meanwhile said it has invested 5.3 million man-hours to its project to build the the Cebu-Cordova Link Expressway (CCLEX), a toll bridge that will connect mainland Cebu from Cebu City to Cordova town in Mactan Island. The bridge, also called Cebu link joint venture for being a project of the consortium of Acciona, First Balfour and DMCI, is now 47 percent completed.
It is eyed to be completed by 2021, in time for the 500th anniversary of the arrival of Christianity in the country.
“The design, scale and complexity of this project makes it an engineering and construction marvel. We are proud to be part of this iconic project,” said Jorge Consunji, DMCI president.
At 8.25 kilometers, the infrastructure will be the longest bridge connecting two islands in the Philippines.
The main bridge will have a span of 390 meters and a navigational clearance of 51 meters to allow large vessels to pass underneath. It will also feature a lighted cross on top of two 145-meter high plyons.
Concrete piling for the two towers of the main bridge was completed in May while the lower pylons are nearing completion. The piling works for the Cebu viaduct are almost complete while Cordova viaducts were finished last month.
Construction of the ramps that will connect CCLEX to the Cebu South Coastal Road is ongoing.