Megawide retools from contracting to infra dev’t

MANILA, Philippines - Listed Filipino-owned construction and engineering firm Megawide Corp. is retooling itself from being a contractor for high-rise residential developments to becoming the country’s leading infrastructure developer.

Megawide has been steadily changing its focus and advanced building methodologies towards the improvement of Philippine infrastructure.

“This continues to be an exciting time for Megawide which has seen tremendous growth in the last five years,” the company said.

“It continues to be a strong performer in the industry, breaking ground with new construction methodologies that allow for faster and more efficient building techniques,” it added.

Megawide’s vision is now evolving to apply its core competence in construction and engineering towards uplifting Philippine infrastructure, “contributing to this key strategy in promoting sustainable economic growth in the country.”

To date, Megawide is engaged in five out of nine awarded Public-Private Partnership (PPP) projects.

These include Phase 1 and 2 of the Philippine School Infrastructure Project with the Department of Education, the modernization of the Philippine Orthopedic Center with the Department of Health, the Mactan Cebu International Airport Passenger Terminal Building and the Integrated Transport System – Southwest Terminal Project, both with the Department of Transportation and Communications.

“The building sector has the highest concentration of projects within the Aquino government’s PPP program, and Megawide’s core competence as a builder is noticeably central to each of its PPP projects,” the company said.

Megawide, which started as a contractor for residential towers particularly those of SM Development Corp., corners 15-17 percent of the high-rise construction business in the Philippines and is currently one of the country’s top building contractors.