Megawide Construction Corp. is setting its sights on a host of infrastructure projects, particularly big-ticket railway and public transportation developments to boost long-term growth.
Edgar Saavedra, Megawide chairman and CEO, believes infrastructure development will remain a priority under the new administration.
After navigating through an “extremely challenging” 2021, Saavedra said Megawide remains relentless in engineering better infrastructure.
The infrastructure share in the company’s order book expanded to 17 percent last year from less than five percent pre-pandemic.
“We intend to increase this share further as we book more big-ticket items, such as the Metro Manila Subway project and, hopefully, other government rail packages,” Saavedra said.
Last May, Megawide, together with Japanese partners Tokyu Construction Co. Ltd and Tobishima Corp., bagged Contract Package 104 of the Metro Manila Subway project.
Saavedra said Megawide is also shifting its efforts towards enhancing public transport infrastructure in the country to help spur faster economic recovery.
Megawide is actively exploring strategic locations to enhance inter- and intra-island connectivity in the Philippines, creating a hub-and-spoke model with the Parañaque Integrated Terminal Exchange at the center.
For aviation, the company sees international numbers at the Mactan Cebu International Airport to increase with the opening of the thrice-weekly Cebu-Istanbul route via Turkish Airlines and the return of the daily Cebu-Dubai route via Emirates.
“Although the last two years proved to be very difficult, with a prolonged pandemic, a nuisance legal case, and a devastating typhoon, we remained agile and relentless in completing our mission,” Saavedra said.