Leading construction firm EEI Corp. is regaining growth momentum with a robust P36.85-billion backlog as of July, a 40 percent increase from P26.39 billion in the same period last year.
The backlog—representing the unworked portion of secured contracts—signals stronger revenue visibility and a turnaround for EEI, which ended fiscal year 2024 with significant losses due to pandemic-era claim provisions and work stoppages.
Despite those setbacks, EEI stood by its workforce, continuing to pay full wages, food, and lodgingthroughout the lockdowns.
“Sometimes, we need to take a step back if we want to take care of our employees,” said Henry D. Antonio, EEI president and chief executive officer. “Now that we’ve regained momentum, we’re confident that the people we supported during difficult times will stand with us.”
A key contributor to EEI’s growing pipeline is its recent win in the South Commuter Railway Project (SCRP) 07, securing P1.8 billion worth of infrastructure contracts. These include P1.7 billion for earthworks in Banlic, Laguna, and P188 million for underpass construction. EEI will implement the projects in partnership with Lotte-Gulermak-EEI Joint Venture.
“The SCRP contracts reaffirm our commitment to build world-class infrastructure that improves mobility, commerce, and community development,” said Anna Sheila P. Figuera, EEI senior vice president and Head of Commercial and Operations. “Better transport means stronger connections—and a better quality of life for Filipinos.”
The project scope includes earthworks, structural components, drainage systems, and other critical infrastructure, positioning EEI at the forefront of the country’s transport transformation.
