Ed Saavedra and Indian partner relinquishing Cebu airport JV to Aboitiz family for P25B

Megawide Construction Corp. of bilyonaryo Ed Saavedra and India’s GMR Airports International BV (GAIBV) are divesting their shares in the company that operates the Mactan Cebu International Airport Corp. (MCIA) to the infrastructure arm of the Aboitiz family for P25 billion. Based on a regulatory filing, Megawide and GAIBV agreed to unload their entire holdings […]

Ed Saavedra’s Megawide, Japanese partners bag Metro Manila subway contract

Megawide Construction Corp. and its Japanese partners have won a contract to construct two stations of the Metro Manila Subway project. In a disclosure to the Philippine Stock Exchange, Megawide said it formally received last May 2 the notice of award from the Department of Transportation (DOTr) Contract Package 104. The contract involves the construction […]

Citicore renews power supply deals with 5 clients

Citicore Renewable Energy Corp., an affiliate of bilyonaryo Ed Saavedra’s Megawide Corp., has renewed power supply contracts with five of its long-time partners for an aggregate capacity 5.1 megawatts. Bench Tower, Citystate Condominium, Eastfield, Succeed Ventures Asia, and Prince Alumer Development Corp. (Padcor) agreed to extend their agreement with Citicore for another two years. The […]