Philippine National Construction Corporation
 | This article needs additional citations for verification. (April 2019) |
 | |
| Formerly | Construction and Development Corporation of the Philippines (1966-1983) |
|---|---|
| Company type | Public |
| PSE: PNC (trading suspended since May 2008) | |
| Industry | Construction and civil engineering |
| Founded | Manila, Philippines (1966) |
| Headquarters | Parañaque, Philippines |
Key people |
|
| Products | Architecture services Engineering services Infrastructure development Toll road management |
| Revenue |  ₱287.3 million (2021)[1] |
| ₱4.063 billion (2021)[1] | |
Number of employees | unknown |
| Website | www |
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.
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
[edit]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.
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
[edit]- Government of the Philippines: 49%
- Government Service Insurance System: 29.35%
- Universal Holdings Corporation: 15.32%
- Others (includes public stock): 6.33%
Subsidiaries
[edit]PNCC is divided into the following subsidiaries:
- Dasmariñas Industrial and Steelworks Corporation
- Traffic Control Products Corporation
- South Metro Manila Skyway Project
- NLEX Corporation
- SMC SLEX Inc.
References
[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
[edit]- Construction and civil engineering companies of the Philippines
- Companies based in Parañaque
- Government-owned and controlled corporations of the Philippines
- Department of Trade and Industry (Philippines)
- Companies listed on the Philippine Stock Exchange
- Construction and civil engineering companies established in 1966
- Philippine companies established in 1966
- Establishments by Philippine executive order