IRC Properties Lands Makati Subway System Contract

IRC Properties Inc. (PSE: IRC) received today from PPP Selection Committee of Makati City Government a Notice of Award for the construction and operation of the Makati Subway System to be implemented through a joint venture agreement.

The project has been awarded to the original proponent, IRC Properties, as the lead proponent of a consortium. The company shall, in due course, inform the public through a disclosure the schedule of commencement of operations, including ground breaking activities.

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