MANILA, Philippines - An A Brown Company-led consortium has teamed up with the local unit of Malaysia's AlloyMTD to pursue infrastructure projects in the Philippines.
The consortium, which includes Private Equity Investment and Development Corporation and Systra Philippines Inc., a member of the Systra Group of France, signed a memorandum of cooperation with MTD Philippines last November 14.
AlloyMTD Malaysia is a leading Asian infrastructure conglomerate operating in Saudi Arabia, UAE, USA, UK, Australia, Indonesia, Philippines, Singapore, among others.
In the Philippines, MTD completed the construction of the 36-kilometer South Luzon Expressway and Phase 1 of the construction of a P2.5-billion CALABARZON Regional Government Center in Calamba.
A Brown Executive Vice President Roel Z. Castro said the company has been seeking opportunities for growth, especially infrastructure projects.
"We aim to fulfill whatever is lacking, hence our recent foray into energy projects to address the inconvenience and high cost of rotational brownouts. We aim to do the same through this partnership with such an established group as MTD — to address chronic infrastructure issues in the Philippines and possibly in the ASEAN region," he said in a statement.
MTD Philippines President Isaac David said the partnership could pursue infrastructure projects linked to addressing traffic congestion and flooding in the metropolis.
"We are well aware of the need to build more projects that would sustainably alleviate a lot of inconvenient problems we are faced with," David said.