AlloyMtd eyes US$5.65 billion ‘real Putrajaya’ in the Philippines

MANILA: AlloyMtd Group, a leading Asian infrastructure conglomerate, is eyeing to develop a ‘real Putrajaya’ in the Philippines’ Clark Administrative City with an estimated cost of US$5.65 billion.

President/chief executive officer, Tan Sri Dr Azmil Khalid, said the group, which already had RM1.5 billion worth of ‘mini Putrajaya’ projects in the pipeline, was ready for this big project which has been proposed to the Philippines government.

“They are also excited about the possibility. So with the aspiration of the government and our experience, hopefully we can achieve similar successful story in Clark.

“We hope it will be tabled to their Cabinet soon for approval,” he told reporters last night after a pre-council meeting here held in conjunction with the 23rd ASEAN Economic Ministers’ retreat.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, who is also on a working visit here from March 8 to 10, chaired the meeting.

Since 2006 until now, the group, via its local unit, MTD Philippines Inc, had invested about RM400 million in two ‘mini Putrajaya’ projects and RM700 million in the South Luzon Expressway.

The first RM221 million ‘mini Putrajaya’ of Calabarzon Regional Government Center Phase 1 in Calamba City, was completed in 2015. — Bernama