Novaliches-Balara Aqueduct 4 Project in The Philippines Successfully Completed Tunnel Breakthrough
HONG KONG, Aug 25, 2021 - (ACN Newswire via SEAPRWire.com) - Chun Wo Construction Holdings Company Limited ("Chun Wo"), a subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711), is pleased to announce that the contract of Novaliches-Balara Aqueduct 4 ("NBAQ4") project in the Philippines has completed breakthrough on 14 August and the online Breakthrough Ceremony was held in the morning. This marks an important milestone for Chun Wo as it is the first project for the company in the Philippines and is part of the strategy of tapping into the Southeast Asia market. The PhP 5.3 billion NBAQ4 project is one of the largest water supply infrastructure projects ever undertaken by Manila Water Company, Inc. ("Manila Water") and is the first in the Metro Manila Area to employ a tunnel boring machine ("TBM"). Upon completion, the new aqueduct is expected to improve the reliability and security of the raw water transmission system in the eastern portion of Metro Manila. Chun Wo has participated as part of the Novabala JV Corp. (NBJVC) which also includes First Balfour, Inc. (Philippines) and CMC di Ravenna (Italy). In August 2017, it signed the design-and-build contract ...
