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Stock market may rise to 8,250 this year

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Online stockbroker COL Financial Group expects the Philippine Stock Exchange index (PSEi) to recover to 7,500 to 8,250 level this year after reconfiguring into a corrective consolidation, according to a report by Philippine News Agency. In a pr...

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Quezon Bridge in Manila / DPWH

Quezon Bridge to undergo rehabilitation

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The Department of Public Works and Highways – National Capital Region has held a pre-bid conference for the continuation of the retrofitting and strengthening of Quezon Bridge along Quezon Boulevard Extension in between Quiapo and Ermita, Manila.

Secretary Mark A. Villar, citing a report from DPWH National Capital Region Eric A. Ayapana, said that the pre-procurement activity was conducted via Facebook livestream on February 26, 2021.

“A total of P8.2 Million from the 2021 General Appropriations Act (GAA) was allocated to resume works on the old bridge which began major retrofitting in 2019. This is on top of the palliative measures previously implemented on the bridge after it sustained damages from a 2014 fire,” said Secretary Villar.

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Director Ayapana said that scope of works for this year’s contract will cover the removal of structures and obstruction on the existing bracing, as well as on its superstructure specifically on the structural steel, painting, rivets, working platform and pavement markings.

The retrofitting of the 256-meter Quezon Bridge will be implemented by the DPWH NCR Construction Division within 120 calendar days.

For the completion of this major retrofitting project to make Quezon Bridge earthquake-resistant, DPWH will require an estimated P160 Million to implement remaining earthworks, retrofitting on the road, bridge piers, superstructure, and abutments.

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