Saturday, 17 April 2021 08:07 GMT

Alliance Global expands to infrastructure


( MENAFN ) Alliance Global Group Inc. is moving to carve out a niche in the Duterte administration"s "golden age of infrastructure" by proposing a monorail project in the country"s capital that is seen to benefit around 60,000 to 100,000 passengers daily.

In a disclosure to the stock exchange on Wednesday, the 24-year-old holding firm of tycoon Andrew Tan said it has created INFRACORP Development Inc."a new company that will manage infrastructure projects through participation in the government"s Private-Public Partnership projects.

The Tan-led conglomerate said INFRACORP has submitted this week an unsolicited proposal to the government to build a 2-km monorail project called "Skytrain" that will link Fort Bonifacio to the MRT Guadalupe Station.

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