Megawide consortium bags Malolos-Clark Railway Phase 1 contract

A consortium made up of Megawide Construction Corp. and two Korean companies has bagged the contract for the Malolos-Clark Railway Project (MCRP) Package 1 with an estimated cost of P28 billion.

In a regulatory filing, Megawide said it, along with its Korean partners Hyundai Engineering & Construction Co. Ltd. (Hyundai E&C), and Dong-ah Geological Engineering Company Ltd. received the notification of award last Friday, September 18.

Under the contract, the consortium will undertake the building and provision of civil engineering works for approximately 17 kilometers of viaduct structure, including elevated station buildings in Calumpit, Bulacan and Apalit, Pampanga.

The MCRP is part of the larger North-South Commuter Railway (NSCR) project of the Department of Transportation (DOTr).

"Megawide, together with our world-renowned consortium partners in the field of engineering, Hyundai E&C and Dong-ah, is committed to deliver the highest standards of construction and engineering excellence for the MCRP. This will be another first-world infrastructure in the making," said Megawide chairman and chief executive officer Edgar Saavedra.

The DOTr in August also signed two civil works contracts worth P38 billion or roughly $728 million for the Malolos-Clark Railway Project.

https://www.gmanetwork.com/news/money/economy/749461/dotr-inks-p38-b-civil-works-contracts-for-malolos-clark-railway-project/story/

At its cost of P28 billion, the MCRP Pacakage 1 is equivalent to over half of Megawide's current order book of P48 billion, and expected to boost the company's construction segment revenue in the next three to four years.

The project will also benefit Megawide's advanced business units and support expansion plans in the area, given the precast materials and construction ancillary services needed for the project.

Megawide is the private partner for several other infrastructure projects such as the Mactan-Cebu International Airport (MCIA) and the Paranaque Integrated Terminal Exchange (PITX).

It is also the construction partner for the Clark International Airport New Passenger Terminal Building, and currently holds the original proponent status for the rehabilitation of the Ninoy Aquino International Airport (NAIA).—AOL, GMA News