Philippine National Construction Corporation


Philippine National Construction Corporation

Infobox_Company
company_name = Philippine National Construction Corporation
company_
company_type = Partially private, mostly state-owned
company_slogan = PNCC loves you!
foundation = Manila, Philippines (1966)
location = Mandaluyong City, Philippines
Paranaque City, Philippines
key_people = Peter Fabila, DTI Secretary
Ma.Theresa Defensor, President
num_employees = unknown
industry = Construction and civil engineering
products = Architecture services
Engineering services
Infrastructure development
Toll road management
homepage = [http://www.pncc.com.ph PNCC]
[http://www.dti.gov.ph DTI]
net_income = PHP-2.019 billion (2005) [http://www.pncc.com.ph/headlines.htm] |
The Philippine National Construction Corporation or PNCC is a majority government-owned and/or controlled corporation (GOCC) in the Philippines. It is the largest construction company in the Philippines and in Southeast Asia.

It is usually tasked with major construction works, especially in the field of infrastructure. The PNCC has extensive operations in the Philippines, and has also been involved in projects and has or had operations in various other countries, notably in Saudi Arabia, Iraq, Hong Kong, Malaysia and Indonesia.

History

The PNCC was established in 1966 by virtue of an Executive Order during the administration of the late President Ferdinand Marcos as the Construction and Development Corporation of the Philippines (CDCP). It was granted a fifty-year franchise to commission and perform construction works throughout the Philippines.

In 1977, Presidential Decree No. 1113 was issued, granting the CDCP a thirty-year franchise to operate and maintain the various limited-access toll highways in the Philippines. The CDCP changed its name to its present name in 1983 after the infusion of additional equity from the government since 1981. The PNCC is now under the supervision of the Department of Trade and Industry by virtue of the Executive Order 331, issued last July 16, 2004 by President Gloria Macapagal Arroyo, pending its privatization. [http://www.ops.gov.ph/records/eo_no331.htm]

Projects

The PNCC has been involved in various projects over the years. Some of its most famous projects were the San Juanico Bridge, the Metro Manila Skyway, North and South Luzon Expressways, the Manila Light Rail Transit System, the Manila-Cavite Expressway and Bay City.

Ownership

*Government of the Philippines: 91.3%
**Government-owned financial institutions: 77.48%
**Presidential Commission on Good Government: 13.82%
*Private persons and entities: 8.7%

ubsidiaries and Partners

PNCC is divided into the following subsidiaries and partners:

* [http://www.pncc.com.ph/raw/disc.htm Dasmariñas Industrial and Steelworks Corporation]
* [http://www.pncc.com.ph/tcpc.htm Traffic Control Products Corporation]
* [http://www.skyway.com.ph PNCC Skyway Corporation]
* [http://www.mntc.com/partners.htm Manila North Tollways Corporation]
* [http://www.mtdsltc.com South Luzon Tollways Corporation]
* Tierra Factors Corporation
* CDCP Farms Corporation

Links

* [http://www.pncc.com.ph Philippine National Construction Corporation Website]
* [http://www.dti.gov.ph Department of Trade and Industry Website]
* [http://www.pse.org.ph/html/ListedCompanies/pdf/2006/PNC_17A_Dec2005.pdf 2006 SEC & PSE Report for PNCC]


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