Philippine National Construction Corporation

Philippine National Construction Corporation
Public (PSE: PNC)
Industry Construction and civil engineering
Founded Manila, Philippines (1966)
Headquarters Parañaque, Philippines
Key people
 Gregory L. Domingo, DTI Secretary
Arthur N. Aguilar, Chairman
Atty. Luis F. Sison, President & CEO
Products Architecture services
Engineering services
Infrastructure development
Toll road management
PHP-2.019 billion (2005)
Number of employees
 unknown
Website PNCC
DTI

The Philippine National Construction Corporation (PSE: PNC) 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 full supervision of the Office of the Secretary of the Department of Trade and Industry by virtue of the Executive Order 331, issued last July 16, 2004.

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

Subsidiaries

PNCC is divided into the following subsidiaries:

This article is issued from Wikipedia - version of the 7/14/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.