The construction equipment rental industry is ablaze with the latest announcement that the People’s Republic of China has delivered 47 sets of heavy equipment to the city of Marawi.
According to The Department of Public Works and Highways (DPWH), the equipment encompasses eight sets each of dump trucks, excavators, wheel loaders, & cement mixers, and five sets each of track-type tractors, compactors, bulldozers and a container van. These construction equipment turned to be worth USD 3 million, cite sources.
The DPWH further announced the arrival of some of the equipment to the Port of Iligan, Philippines, that would aid in the reconstruction, recovery, and rehabilitation efforts of the besieged Marawi City. For the uninitiated, the ongoing conflict between the militants – backed by the Islamic States and the government has shattered the city of Marawi. DPWH’s fundamental role in this conflict apparently, is to look over the immediate repair and reconstruction of bridges, national roads, public school, and other government building in the war-torn city. This scenario is likely to provide the construction equipment rental market players with border opportunities that could further enhance the product & application landscape of the construction equipment. Moreover, in the growing efforts to improve the economic conditions of the region, industry analysts cite the China construction and equipment rental market to attain lucrative gains.
Reportedly, China was counted amongst the first few countries that offered its assistance in rehabilitation of the war-torn regions of Marawi. The Finance Secretary Carlos Dominguez III revealed his gratitude toward the Chinese government for the swift & timely arrival of the construction equipment. Given the country’s effort in reconstructing Marawi, experts cite that the China construction equipment rental market dynamics may witness a potential transformation.
The vice-chair of Task Force Bangon Marawi, took the liberty to oversee the use of equipment that were donated from Beijing.
Besides construction equipment, China has provided Philippines with over P7.3 million worth of military assistance, which includes 6 million pieces of ammunition and 3000 rifles.