In a statement made available to the public, Julius Berger Nigeria Plc has declared its interest to participate in the upcoming bidding process for the Camalaniugan Bridge in a consortium with Frey-Fil Corporation in the Philippines.
While the details of the intended consortium with Frey-Fil is yet to be provided, the construction company promised to provide further details to the market as the transaction progresses.
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Why this matters: Following its vision for diversification, Julius Berger admitted that the Camalaniugan project would be an opportunity to gain experience and references in the Philippine market. Nairametrics understands that the references in the market will improve the company’s revenue and at the same boost its value in the global construction industry.
What you should know: The Department of Public Works and Highways (DPWH) Region 2 had proposed the construction of two iconic bridges in Cagayan province. According to DPWH Asst, Regional Director, Alexander Nola, the proposed bridges are under the Iconic Bridges Project for Sustainable Socioeconomic Development (IBPSSD) aimed at improving the routes connecting the municipalities.
As reported by the Philippine Information Agency, the Pinacanauan Bridge 2 in the city will replace the existing overflow bridge. It is a four-lane bridge to alleviate congestion and improve transportation service with a proposed budget of P2.73 million.
The other proposed bridge, on the other hand, involves the construction of a new four-lane bridge to be situated at Barangay Carallangan in Alcala with a proposed budget of P3.23 million.
An Overview of the company: Julius Berger Nigeria Plc is a Nigerian construction company, headquartered in Abuja, with additional permanent locations in Lagos and Uyo. The company is represented across Nigeria in structural engineering and infrastructure works, and in southern Nigeria through domestic and international oil and gas industry projects.