Megawide eyes two rail projects in 2021

 

Pining to help ease the commuters’ woes, Megawide Construction Corp. discloses it is eyeing to bid for two major rail projects this year, on top of the development of the Malolos-Clark Railway Project (MCRP).

Referred to as the country’s “Project of the Century,” the Metro Manila Subway is expected to serve as much as 370,000 passengers daily in its first year of full operations.


MANILA — “We are very excited to participate in the upcoming bidding for the Metro Manila Subway System and North-South Commuter Railway – South Line projects this year, where we can further expand our scope and leverage our advantages,” says Chairman and CEO Edgar Saavedra.

Partial operability is targeted to come in the fourth quarter of the year, comprising the first stations in Quezon City and Valenzuela City where the line’s depot is located.

In another development, the North-South Commuter Railway will eventually connect the New Clark City in Capas, Tarlac, to Calamba in Laguna.

“In our ongoing Malolos-Clark Railway Project development, we were able to demonstrate how our construction service units can also benefit through separate contracts, like the supply of concrete, provision of formworks, and equipment rentals,” Saavedra points out.

He says the company has started the groundwork for the project and installed a mobile batching plant to supply concrete.

“We hope to offer our expertise and wide array of solutions in this fast-growing infrastructure space, whether as an engineering contractor, a service or product provider, or both, to maximize our exposure and generate more business,” Saavedra says as temporary holding facilities are reportedly being put up.

“We will also continue to be active in the residential and commercial and industrial segments to further expand our presence once the economy recovers.”

Megawide has reported an attributable net income of ₱P2.9 million in the first quarter, following the ₱389.02-million net loss reported in 2020. (JD/Headline PH)

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