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The economy appears to be recovering from the pandemic.

The Aboitiz Group’s infrastructure unit is eyeing project opportunities in the industrial development, water, digital infrastructure, and transportation sectors as a way to contribute to the country’s economic recovery.

As demand for more infrastructure solutions grows, Aboitiz InfraCapital (AIC) is optimistic that the economy will continue to recover from the coronavirus disease 2019 (Covid-19) pandemic.

“As part of our top priorities, we set out to revamp our brand at the start of the year. “We want to establish InfraCap as a full-fledged strategic business unit within the Aboitiz Group, with a unique, impactful, and market-relevant brand identity, and to be known as a reliable partner for growth, dedicated to nation-building and uplifting the lives of Filipinos,” AIC president and CEO Cosette Canilao said in a virtual press briefing on Friday.

The Integrated Economic Centers of the AIC will be renamed ‘Economic Estates,’ and will be known as LIMA Estate, Mactan Economic Zone 2 Estate, and West Cebu Estate, respectively.

The change comes as LIMA and West Cebu Estate prepare to expand, with a combined workforce of up to 89,000 people.

Canilao said the company aims to create “purpose-driven infrastructure” to advance business and communities, echoing the government’s goal of improving infrastructure across the country.

In recent years, AIC has been expanding its portfolio. The company has set aside PHP13 billion in total consolidated capital expenditures with its partners for the implementation of various projects, including its newest venture into common towers, in 2021.

In April, AIC announced that it had agreed to form a joint venture with Partners Group, a leading global private markets firm, to establish a telecommunications infrastructure platform called Unity Digital Infrastructure Inc. on behalf of its clients (Unity).

AIC wants to emphasize in its new branding that it looks beyond the singular impact of a project, rather than just filling in the gaps in the country’s infrastructure.

“We want to emphasize that we think long-term, we think in ecosystems, and we seriously consider community needs,” she said.

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