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Megawide Construction Corp. said its losses narrowed to P7.12 million in the first quarter from the P60.72 million it incurred last year. The improvement in net loss was a result of de-consolidation of the airport segment, the company said. Consolidated revenues for the period amounted to P4.55 billion, some 14…
Published July 26, 2021, 11:04 AM The Asian Development Bank (ADB) is preparing its funding support for the P345-billion Philippine National Railways’ (PNR) Calamba project. In a statement, the Manila-based multilateral financial institution said that funding for the 40.5 kilometer viaduct structures of PNR Calamba, also called South Commuter Railway Project, is up for “consideration” by the ADB Board in the fourth-quarter. “We are pleased to partner with the Philippine government in this transformative project that will have substantial multiplier effects on the economy and regional ...
Megawide, JV partners sign P2.9-B Malolos-Clark railway deal May 5, 2021 | 12:05 am BW FILE PHOTO MEGAWIDE Construction Corp. announced on Tuesday that it recently signed a subcontracting agreement with Hyundai Engineering & Construction Co., Ltd. and Dong-ah Geological Engineering Co. Ltd. to supply ready-mix concrete for the package 1 of the Philippine National Railways (PNR) Clark Phase 2 (Malolos-Clark) railway project. The company said it signed the agreement with its joint venture (JV) partners on April 21. “The P2.9-billion contract provides for the installation and operation of conc...
BusinessWorld April 14, 2021 | 12:07 am MEGAWIDE Construction Corp. said on Tuesday that it had been awarded three contracts worth more than P3.1 billion to help build the Malolos-Clark Railway Project Phase 1. “Megawide is preparing to start construction for the Malolos-Clark Railway Project (MCRP) Phase 1 in the second quarter of the year,” the listed company said in an e-mailed statement. The company said its batching plant, formworks, and construction equipment and logistics businesses are preparing to supply concrete materials and provide support facilities to the con...