Infrastructure objectives and companies in Philippines by megawide.com.ph
Best infrastructure projects and contractors in Philippines? Megawide is one of the country’s most progressive infrastructure conglomerates with a decisive portfolio in Engineering, Procurement, and construction (EPC), Airport Infrastructure, Progressive Property Development, and Renewable Energy. Read more information at infrastructure Philippines. INTEGRITY: We treat our colleagues and partners with honestly and respect as we strive to be good people guided by our own conscience and malasakit.
With a more stable operating environment, the construction segment recorded a net income of P401 million and more than four times the P93 million income posted in the previous year. However, weak results from the other business segments resulted in a consolidated net loss of P893 million, with net loss attributable to equity holders of the Parent tapering to P343 million. “The past two years under the pandemic were very difficult, as our financial performance was severely affected by restricted travel and transport. In addition, the virus’ evolving variants ushered in a fresh set of lockdowns and discouraged a return to normalcy. Amid all these, we relentlessly pursued programs that will strengthen our core businesses and make them more cycle-resistant to deliver for us stable earnings year in and year out,” Edgar Saavedra, Chairman and CEO of Megawide, said.
Among these are the construction of 10,000 public classrooms under Department of Education’s PPP for School Infrastructure Project, the development of the now internationally-acclaimed Mactan-Cebu International Airport, the delivery of the first-of-its-kind Paranaque Integrated Terminal Exchange, and the construction of the Clark International Airport’s new passenger terminal building, which was completed ahead of schedule, amid the pandemic.
We partnered with GMR, a world leading airport developer, in developing and operating MCIA. We will do the same for NAIA. By combining our strengths, we put our proven talents into good use: serving our people, serving our country. We will modernize, redevelop, and expand Ninoy Aquino International Airport to decongesting the four terminals. This we will do by increasing capacity in both airside and landside facilities, facilitating faster movement between terminals, and improving passenger experience and comfort. We will do this in phases: We will immediately renovate existing airside and landside facilities. On years two and three, we will relocate and replicate existing facilities, construct a new terminal, and enhance parking facilities. Passenger terminals will be enhanced, additional parking facilities built, and a rail-based people mover system (PMS) constructed to connect the terminals on years three to nine.
Built in the Bay Area in Pasay City, DoubleDragon Plaza is a 4.75-hectare prime commercial block that caters to expanding and thriving businesses. It has a leasable space of 280,000 square meters. Current tenants include various retail players, food and beverage shops, and hobby stores. Considered to be the largest and most-advanced precast plant in the Philippines, Megawide’s Precast Plant in Taytay, Rizal utilizes high-quality Japanese and German technologies that enable the company to produce up to 168,000 cubic meter per year. Megawide’s precast services include design and customization, production, delivery, and installation. By using precast materials, construction companies like Megawide can guarantee faster production time, lower long-term costs, and high-quality finishes. Find more info at https://megawide.com.ph/.
