ATN Holdings Expands Scope of Rock Supply to North-South Commuter Railway Project
February 16, 2021 at 09:47 pm
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ATN Holdings is gearing up to accelerate the production and supply of rock aggregates to the local infrastructure sector. Upon notice of lifting, ATN immediately started to mobilize its massive stockpile to address the robust demand for rock aggregates particularly for big-ticket infrastructure projects prioritized under the government's Build, Build, Build program. Construction of the North-South Commuter Railway, a 148-kilometer railway project that will link New Clark City to Calamba, Laguna, is currently underway. The first phase is a 38-kilometer segment stretching from Tutuban, Manila to Malolos, Bulacan with a contract value of 54-billion, was awarded to the joint-venture of quadruple A-rated contractor D.M. Consunji and Japan's Taisei Corporation. Initially, the Company was servicing the project's batching requirements in Metro Manila. Recently, ATN received additional purchase orders for the delivery of rock aggregates to Bulacan.
ATN Holdings, Inc. is a Philippines-based holding company. The Company is engaged in real estate, land development, energy, and health care services. The Company operates in two segments: Real estate leasing and Aggregates, which is involved in the production and selling of rock aggregates. The Company invests in real properties and stocks. Its investments in real properties include several units of office condominiums at Summit One Tower located at 530 Shaw Boulevard, Mandaluyong City. Summit One Tower is a 48-storey building. Units of Summit One Tower are office condominium spaces ready for occupancy with its own separate six-level parking building and two basement parking levels. The units are for sale or leased through either direct sales or referrals from independent brokers. Its subsidiaries are Palladian Land Development Inc. (PLDI), ATN Philippines Solar Energy Group, Inc. (ATN Solar), Advanced Home Concept Development Corp. (AHCDC) and Managed Care Phil., Inc. (MCPI).