With an infrastructure boom currently underway in the Philippines, Bouygues Travaux Publics Philippines has entered the market at exactly the right time, according to the company’s President Dominique Droniou.
Infrastructure enhancements have long been necessary across the Philippines due to decades of underinvestment, but in Manila, the problem is particularly acute. Poor infrastructure has created a serious traffic congestion problem for the capital’s 14 million inhabitants. In fact, a report by location technology firm TomTom highlighted Manila as the city with the second worst traffic congestion out of 416 surveyed around the world. Another study by the Japan International Cooperation Agency revealed the country loses PHP3.5 billion (US$71.8 million) daily due to traffic congestion. An urban planner even estimated that Filipinos lose between nine and 15 years of their lives sitting in traffic.
These are shocking statistics but, thankfully, change is afoot. “Massive investment in infrastructure is underway, which is good news for us,” Dominique tells The CEO Magazine. Substantial investments in infrastructure are indeed being made, with many projects already underway.
In 2016, French-based Bouygues was appointed by the Light Rail Manila Corporation as the engineering, procurement and construction contractor for an extension of the Light Rail Transit Line 1 (LRT-1). A global player operating in more than 80 countries on five continents, the company is renowned as an expert in large-scale projects involving tunnels, engineering structures, as well as road, port and rail infrastructures.
This story is from the June 2021 edition of The CEO Magazine Asia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 2021 edition of The CEO Magazine Asia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Lito German Is Driving Change And Accelerating Growth For Sandbox
After years in the automotive industry, CEO Lito German is now driving change and accelerating growth for importer and distributor Sandbox Middle East.
They're Pioneers In Enshrining Green Values Into Everything They Do
CEO Chamaiporn Uerpairojkit explains how thai plastics giant tpbi was committed to sustainability long before the government made an industry-changing announcement last year.
Maverick Unicorn
Spotify co-founder and CEO Daniel Ek is a textbook example of the startup gurus propelling their companies to billion-dollar valuations.
''Increase The Velocity''
Adapting Camfil’s business model to work at a faster pace was critical for the business to thrive in today’s China, according to managing director Michel Moulin.
Device Manager
Covid-19 tore the world’s tech supply chains asunder, the effects of which are still being felt today. But through steady management and quality of work, malaysian component manufacturer analog devices has managed to thrive during the storm.
Going Antiviral
Chiaphua Industries chief marketing officer and co-founder of Germagic Hamilton Hung has transformed the appliance manufacturer into an antiviral research and development powerhouse. And he has done so with patience and vision.
Risk Vs Return
Add pandemic fallout to a low interest-rate environment and you have a challenge for highnet-worth investors. Where might opportunities lie?
Expect The Unexpected
For lockton philippines insurance & reinsurance brokers ceo vic valledor, providing affordable premiums for the poorest families is vital, especially considering the recent challenges of the covid-19 pandemic.
The Ultimate Investments
With the global economic recovery from the pandemic underway, many analysts are suggesting now is the time to invest – but will whisky, soybeans or bitcoin find a way into your portfolio?
The Future Of Fintech
Covid-19 has accelerated the world’s shift to a digital economy, and airwallex co-founder and president Lucy Liu wants to make sure there are more female fintech leaders with her at the top.
