Philippine National Construction Corporation

The Philippine National Construction Corporation (PNCC) is a government-owned and controlled corporation (GOCC) in the Philippines. It is the largest^{[citation needed]} construction company in the Philippines and in Southeast Asia.

Philippine National Construction Corporation

Formerly	Construction and Development Corporation of the Philippines (1966-1983)
Company type	Public
Traded as	PSE: PNC (trading suspended since May 2008)
Industry	Construction and civil engineering
Founded	1966
Headquarters	Km. 15, PNCC Compound, Bicutan, Parañaque, Philippines
Key people	Josefa I. Aquino (chairman emeritus) Herculano C. Co (chairman) Miguel E. Umali (president & CEO) Abraham A. Purugganan (EVP & COO)
Products	Architecture services Engineering services Infrastructure development Toll road management
Revenue	₱287.3 million (2021)[1]
Net income	₱4.063 billion (2021)[1]
Number of employees	56[2]
Website	www.pncc.ph

It is usually tasked with major construction works, especially in the field of infrastructure. The PNCC has extensive operations in the Philippines, and has also been involved in projects and has or had operations in various other countries, notably in Saudi Arabia, Iraq, Hong Kong, Malaysia, and Indonesia.

History

The PNCC was established in 1966 by virtue of an executive order during the administration of the Former President Ferdinand Marcos as the Construction and Development Corporation of the Philippines (CDCP), with the corporation being led by Rodolfo Cuenca, a crony. It was granted a 50-year franchise to commission and perform construction works throughout the Philippines.

In 1977, Presidential Decree No. 1113 was issued, granting the CDCP a 30-year franchise to operate and maintain the various limited-access toll highways in the Philippines. The CDCP changed its name to its present name in 1983 after the infusion of additional equity from the government since 1981. On July 16, 2004, it was placed under the full supervision of the Office of the Secretary of the Department of Trade and Industry by virtue of Executive Order 331.

Currently, it is under the purview of the finance department's attached agency, the Privatization and Management Office (PMO).

Projects

The PNCC has been involved in various projects over the years. Some of its most famous projects were the San Juanico Bridge, the Metro Manila Skyway, North and South Luzon Expressways, the Manila Light Rail Transit System, the Manila–Cavite Expressway and Bay City.

Ownership

Updated Shareholding* Structure as of June 30, 2025:^[3]

Major Shareholder	% of Total*	Common Shares	Preferred Shares
Government of the Philippines**	52.40%	79,271,024	25,500,000
Government Service Insurance System	23.75%	47,490,383	—
Wellex Petroleum, Inc. (possibly related to the family of Senator Win Gatchalian)	12.39%	24,780,746	—
Others***	11.46%	22,902,606	—
Total	100%	174,444,759	25,500,000

*Total voting stock (i.e. common + voting preferred)
** through the Department of Finance's Privatization Management Office (PMO)
*** While the Philippine Central Depository (PCD) is listed a major shareholder, it is more of a trustee-nominee for all shares lodged in the PCD system rather than a single owner/shareholder. Major beneficial shareholders (i.e. those who own at least 5% of outstanding capital stock with voting rights) hidden, if any, under the PCD system are checked/identified and are disclosed with the Definitive Information Statement companies are submitting annually to the local bourse and Securities and Exchange Commission ^[4][5]

Subsidiaries

PNCC is divided into the following subsidiaries or affiliates:

• Dasmariñas Industrial and Steelworks Corporation
• Traffic Control Products Corporation
• South Metro Manila Skyway Project
• NLEX Corporation
• SMC SLEX Inc.