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.
The PNCC was established in 1966 by virtue of an executive order during the administration of the Former President Ferdinand Marcos as the Construction and Development Corporation of the Philippines (CDCP), with the corporation being led by Rodolfo Cuenca, a crony. It was granted a 50-year franchise to commission and perform construction works throughout the Philippines.
In 1977, Presidential Decree No. 1113 was issued, granting the CDCP a 30-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.
^ abAnnual Audit Report on the Philippine National Construction Corporation For the Years Ended December 31, 2021 and 2020 (PDF) (Report). Commission on Audit. July 8, 2022. Retrieved December 31, 2022.
External links
Philippine National Construction Corporation Website
Department of Trade and Industry
March 28, 2023
philippine, national, construction, corporation, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, b. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Philippine National Construction Corporation news newspapers books scholar JSTOR April 2019 Learn how and when to remove this template message The Philippine National Construction Corporation PNCC is a government owned and controlled corporation GOCC in the Philippines It is the largest construction company in the Philippines and in Southeast Asia Philippine National Construction CorporationFormerlyConstruction and Development Corporation of the Philippines 1966 1983 TypePublicTraded asPSE PNCIndustryConstruction and civil engineeringFoundedManila Philippines 1966 HeadquartersParanaque PhilippinesKey peopleJosefa I Aquino wbr chairman emeritus Herculano C Co wbr chairman Miguel E Umali wbr president amp CEO Abraham A Purugganan wbr EVP amp COO ProductsArchitecture servicesEngineering servicesInfrastructure developmentToll road managementRevenue 287 3 million 2021 1 Net income 4 063 billion 2021 1 Number of employeesunknownWebsitewww wbr pncc wbr phIt 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 Contents 1 History 1 1 Projects 2 Ownership 3 Subsidiaries 4 References 5 External linksHistory EditThe PNCC was established in 1966 by virtue of an executive order during the administration of the Former President Ferdinand Marcos as the Construction and Development Corporation of the Philippines CDCP with the corporation being led by Rodolfo Cuenca a crony It was granted a 50 year franchise to commission and perform construction works throughout the Philippines In 1977 Presidential Decree No 1113 was issued granting the CDCP a 30 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 Edit 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 EditGovernment of the Philippines 49 Government Service Insurance System 29 35 Universal Holdings Corporation 15 32 Others includes public stock 6 33 Subsidiaries EditPNCC is divided into the following subsidiaries Dasmarinas Industrial and Steelworks Corporation Traffic Control Products Corporation South Metro Manila Skyway Project Manila North Tollways Corporation South Luzon Tollway CorporationReferences Edit a b Annual Audit Report on the Philippine National Construction Corporation For the Years Ended December 31 2021 and 2020 PDF Report Commission on Audit July 8 2022 Retrieved December 31 2022 External links EditPhilippine National Construction Corporation Website Department of Trade and Industry Retrieved from https en wikipedia org w index php title Philippine National Construction Corporation amp oldid 1142433830, wikipedia, wiki, book, books, library,
