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Posted on 16 October 2009

PRIMEX figured again at the top of Asian Development Bank’s (ADB) list of firms with highest amount of project contracts awarded for 2004-2008.

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 implementation impact of projects we either designed or managed.

Previously, from  January 1999 to December 2004, PRIMEX ranked second and third among Filipino consulting firms 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 Asian Development Bank’s (ADB’s) founding member and 11th largest shareholder, but also its host country. It is the fifth largest borrower, accounting for about 8% of total sovereign and nonsovereign lending.

 

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