COURTESY: EEI Corporation
So, here’s some big news from the construction world! Construction giant EEI Corp. recently made it official with Cavitex Infrastructure Corporation (CIC) by signing a P1.79 billion project contract for the construction of CAVITEX-CALAX link segment four. This exciting development was attended by some big names: EEI Corporation Senior Vice President for Contracts and Commercial Division Anna Payawal Figuera, EEI Vice President for Commercial Division Christopher F. Esguerra, CIC President and General Manager Raul L. Ignacio, CIC Vice President for Finance Elnora D. Rumawak, and Metro Pacific Tollways Corp. (MPTC) President and CEO Rogelio D. Singson.
In an earlier report submitted to the Securities and Exchange Commission (SEC), EEI disclosed that the company received the Letter of Acceptance issued by the CIC for the construction of the CAVITEX-CALAX Link (Segment 4 Extension) Project. The total contract price? A whopping P1,791,542,140.01! MPTC unit CIC stated that this segment four extension is set to connect CAVITEX (Manila-Cavite Expressway) and CALAX (Cavite-Laguna Expressway).
Now, let’s break down what this contract actually includes. Under the agreement, EEI’s scope of work covers remeasurement and the construction of the 1.2 kilometer, 2x2-lane carriageway from the terminus of Segment 4 in Tirona Highway to connect to CALAX. That’s not all – they’re also responsible for the Kawit Toll admin compound and access road. The detailed scope of works also includes a main alignment ramp, a main alignment elevated viaduct, Roads 1-3, and an intersection improvement in the affected portion of the Centennial Road. The whole project is slated to be completed in 450 days.
EEI Corp. President and CEO Henry D. Antonio shared his thoughts on this milestone, stating, “EEI, as one of the country’s leading and most established construction firms, remains committed to our role in nation-building. This latest win is a vote of trust and confidence in EEI’s expertise and experience from our partners MPTC and CIC. It is doubly meaningful not just because it’s a welcome business development but also because it enables us to share and synergize with our partners when it comes to this shared vision of doing projects that help support economic growth, improve connectivity and uplift the quality of lives of Filipinos. It is an honor to serve the private sector and the public.”
EEI is no newbie in the construction game. With 93 years under its belt, the company boasts a broad range of construction and engineering services. They have expertise in the construction of infrastructure, buildings, and industrial and electromechanical facilities. Their extensive experience includes contracting and collaborating with global contractors, particularly in the Middle East, Africa, and Asia Pacific countries. This has enabled EEI to achieve world-caliber project management expertise and competencies in all fields and disciplines of construction.
Currently, EEI has a massive workforce of 24,000 employees working across its several construction projects in the Philippines and overseas. This project is just another feather in their already heavily adorned cap.
So, what’s next on the horizon for this massive project? Well, with the contract signed and the scope of work laid out, it’s all hands on deck for EEI Corp. and CIC. We can expect a lot of hustle and bustle as they gear up to kick off the construction of the CAVITEX-CALAX link segment four.
This project is more than just laying down concrete and steel; it’s about connecting communities, boosting economic growth, and improving the everyday lives of Filipinos. As the construction progresses, we’ll be keeping a close eye on how this project unfolds and the positive impact it will have on the region.
In conclusion, the signing of this P1.79 billion project contract between EEI Corp. and CIC is a significant step forward in infrastructure development in the Philippines. With their combined expertise and commitment, this project promises to be a game-changer in improving connectivity and supporting economic growth. Stay tuned for more updates as this exciting journey unfolds!
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