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Co-founder ups stake in Megawide

Edgar Saavedra, co-founder and president of engineering and construction firm Megawide Construction Corp., has consolidated his interest in the company by acquiring an additional 14.67-percent stake for about P5.68 billion.

Megawide parent sells P5.7-B stake to new affiliate

2017-08-16 philstar
MANILA, Philippines -  Citicore Holdings Investment Inc. (CHII), the parent company of Megawide Construction Corp., has sold its 313.8 million shares in the listed construction firm to newly-formed company Megacore Holdings for P5.7 billion.

Co-founder’s stake in Megawide consolidated

The co-founder and president of engineering and construction firm Megawide Construction Corp. has consolidated interest in the company by acquiring an additional 14.67 percent stake for about P5.68 billion.

Megawide seals P14B 8990 construction deal

L-R Megawide president Edgar Saavedra, VP for operations Ronald Paulo, 8990 chair Mariano Martinez Jr and 8990 COO Willibaldo Uy ink the P14B Urban Deca Homes Ortigas deal

Megawide to bid for Clark airport construction

2017-08-13 philstar
MANILA, Philippines -  Megawide Construction Corp. has expressed interest in the bidding for the engineering procurement and construction (EPC) of the Clark international airport passenger terminal.

Megawide sets sights on prospects in Asia

2017-08-12 philstar
MANILA, Philippines - Megawide Construction Corp., which has prequalified as a contractor for a new airport in India, is also studying opportunities in other countries in Asia.

PH firm eyes $300-M airport project in India

Megawide Construction Corp. is pursuing a construction project in India—its first overseas—as it builds on a relationship with its Indian partner in the Mactan Cebu International Airport.

The Curve: ‘Sexy’ BGC office tower attracts more locators

2017-08-10 philstar
MANILA, Philippines - As with other buildings designed by world-renowned architectural firm Skidmore Owings and Merrill, the 32-story The Curve in Bonifacio Global City is highly likely to become an architectural landmark and prestigious office address upon completion in October this year.

Megawide nets P927M

The consortium of Megawide Construction Corp. and India’s GMR Infrastructure Ltd. took over the concession to operate and expand Mactan Cebu International Airport, the country’s second-busiest air facility, in 2014. FILE PHOTO

Duterte's "Build, Build, Build" plans hit Philippine peso

2017-08-07 in.reuters
MANILA (Reuters) - Philippine construction firm Teravera Corp is planning to raise a fourth dollar loan in a year, after borrowing around $2.5 million to buy dozens of excavators, road rollers and dump trucks from China, South Korea and Japan.

MPIC to bid for Clark airport operations, maintenance

2017-07-16 philstar
MANILA, Philippines -  Metro Pacific Investments Corp. (MPIC) is joining the planned bidding of the operations and maintenance of the Clark International Airport in Pampanga.

Megawide dips into railways via PNR's Metro Manila line

2017-07-13 philstar
MANILA, Philippines - Megawide Construction Corp. will mark its foray into railway development through a partnership with the East -West Rail Transit Corp. and Alloy MTD.

Megawide buys into Diliman-Espana railway project

Construction and infrastructure group Megawide Construction Corp. has acquired a controlling stake in the PNR East-West Railway project (EWRP), which involves putting up a 9.77-kilometer railway line from Diliman, Quezon City along the corridor of Quezon Avenue up to Espana Boulevard in Manila.

Megawide power unit secures hydro contracts

Citicore Power Inc. has secured from the Department of Energy service contracts for five hydro projects in Southern Luzon with an expected combined capacity of 2,300 megawatts.

GMR Infrastructure hits 1-year high on plans to bid for airport in Serbia, Jamaica

2017-06-21 moneycontrol
Shares of GMR Infrastructure touched 52-week high of Rs 20.75, gains 3.7 percent intraday Wednesday as it is going to bid for airport in Jamaica and Serbia.

GMR plans to bid for airport projects in Serbia, Jamaica

2017-06-21 moneycontrol
Bengaluru-based diversified GMR group plans to bid for airport projects in Serbia and Jamaica as it seeks to expand its airports business to more overseas countries.

GMR plans to expand international airport business with projects in Serbia, Jamaica

2017-06-20 livemint
GMR Airports has qualified to bid for the expansion and modernization of Nikola Tesla Airport of Belgrade, Serbia, and Kingston Airport in Jamaica

Gov’t shelves private bids for new airports

2017-06-18 philstar
MANILA, Philippines -  The government has put on hold unsolicited proposals for new airports to serve Manila as it focuses on measures that can be undertaken immediately to address congestion at the country’s main international gateway.

Group offers to build new Cebu runway, terminal

The private group that runs the Mactan Cebu International Airport (MCIA) submitted a massive unsolicited offer to build a second runway and a third passenger terminal in Cebu—a bet aimed at turning MCIA into a global hub.

Cebu airport operator proposes P200-B expansion

2017-06-11 philstar
MANILA, Philippines -  The operator of the Mactan-Cebu International Airport (MCIA) has submitted a P200-billion unsolicited proposal for the construction of a second runway and expansion of the airport.

GMR Infra to develop new airport in Crete island

2017-06-07 thehindubusinessline
GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, has announced it had been selected to develop, operate and manage the new international Kastelli airport project in Heraklion, Crete island of Greece in partnership with Greek infrastructure major TERNA s.a., part of GEK TERNA Group.

MVP keeps faith: Massive Mindanao project a go amid martial rule

Metro Pacific Investments Corp. is set to announce its largest investment in Mindanao—a major infrastructure project—appearing to buck worries that business prospects in the southern Philippine island would be hurt following President Duterte’s declaration of martial rule.

Hybrid PPP scheme worries businessmen

2017-05-23 philstar
Some members of the Philippine business delegation in the Russia state visit said the new PPP route raises questions. PCOO/Released, File

New funding scheme lined up for Davao airport expansion

2017-05-23 philstar
MANILA, Philippines - The government will pursue the expansion of the Davao International Airport by getting funding from official development assistance (ODA) or from its annual budget, the General Appropriations Act (GAA), as it terminated the auction process for the regional airports deal under the public-private partnership (PPP) program.

DOTr cancels PPP plans for 5 regional airports

In this May 17, 2017 file photo, President Rodrigo Duterte arrives at Davao City’s Francisco Bangoy International Airport (MALACAÑANG PHOTO)

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