Aboitiz, Ayala Land, Megaworld, SM form consortium for a P123.8-billion project

Four of the biggest companies in the country have teamed up to form Trident Infrastructure and Development Corporation to bid for the P123.8-billion Laguna Lakeshore Expressway and Dike Project. “Team Trident is a consortium among Aboitiz Equity Ventures, Ayala Land Inc., Megaworld Corporation and SM Prime Holdings Inc. who collectively agreed to form Trident Infrastructure and Development Corporation,” Ayala Land Chief Finance Officer Jaime E. Ysmael said in a disclosure to Philippine Stock Exchange and Securities and Exchange Commission.

Laguna Lakeshore Expressway and Dike Project includes the construction of a 47-kilometer expressway and a 45-kilometer flood control dike, and the reclamation of around 700 hectares of land in the western part of Laguna Lake.

Team Trident combines the infrastructure expertise of the Aboitiz and Ayala groups as well as the reclamation and land development experience of Aboitiz, Ayala Land, Megaworld and SM. The consortium also benefits from the combined financial muscle and the national and international network of experts that the four companies have.