Posted on 10 August 2009
PRIMEX figured again at the top of Asian Development Bank’s (ADB) list of firms with highest amount of project contracts awarded, this time covering the period from January 2004 to December 2008.
Based on the ADB 2008 Country Fact Sheet for the Philippines released recently, PRIMEX emerged as No. 1 consulting firm in the country engaged by the Bank for its Technical Assistance (TA) projects with a total of US$3.17 million worth of TA contracts (six projects) awarded over the last five (5) years. PRIMEX likewise ranked second in the list of firms engaged for ADB’s loan projects, with total contract amount of US$2.31 million.
President and CEO Ms. Elvira C. Ablaza said the ADB rankings have given the PRIMEX family more reason to celebrate as it marks its 20th founding anniversary today, August 7.
“Our years of operation are growing PRIMEX not only in terms of the number of projects completed, but also in terms of quality of work and impact of projects we either designed or managed."
Previously, from January 1999 to December 2004, PRIMEX ranked second and third among Filipino consulting fi rms involved in ADB technical
assistance and loan-funded projects, respectively.
The ADB Fact Sheet describes, among others, the nature and impact of assistance that the Philippines has received from ADB in a span of five
years. Uniquely, the Philippines is not only ADB’s founding member and 11th largest shareholder, but also its host country. It is the fifth largest borrower, accounting for about eight percent of total sovereign and nonsovereign lending.
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