Megawide celebrates two decades of building and engineering toward a First-World Philippines in 2022, by continuing our mission and reaching milestones. The year’s achievements holistically represent the direction of the business as we bring our blueprint of world-class structures and transportation infrastructure to life while maintaining the highest standards of environmental, social, and governance (ESG) performance.
In May 2022, Megawide – alongside Japanese joint venture partners Tokyo Construction Co., Ltd. (Tokyo Construction) and Tobishima Corporation – signed the Metro Manila Subway Contract Package 104 (CP-104) with the Department of Transportation (DOTr).
The Metro Manila Subway CP-104 has an estimated contract value of over Php 17 billion and involves the construction of the subway’s underground stations and connecting tunnels for Ortigas North and South.
In line with Megawide’s strategy for cycle-resiliency. scalability. and sustainable growth. the Company and GMR Airports International. B.V. (GAIBV) closed the transaction for Aboitiz InfraCapital. Inc.’s (AIC’s) acquisition of a 33.33 and 1/3% minus 1 share in GMR MEGAWIDE Cebu Airport Corporation (GMCAC) — concessionaire for the award-winning Mactan Cebu International Airport (MCIA) — for a total consideration of Php 9.5 billion.The agreement is expected to fuel further developments for MCIA, and at the same time, open opportunities for Megawide to pursue more big-ticket infrastructure projects.
Megawide assures our stakeholders and government bodies of our full compliance with pertinent laws and regulations as a publicly-listed company in the Philippines.
In June 2022. Megawide received an Omnibus Order from the Lapu-Lapu City Regional Trial Court. dismissing a case filed against the Officers and Directors of GMR-Megawide Cebu Airport Corporation (GMCAC). a subsidiary of Megawide. The Company has always taken the position that it is not in violation of the Anti-Dummy Law and that GMCAC operated MCIA in compliance with all applicable laws. rules. and regulations since the grant of the concession agreement beginning in 2014.
Best Investor Relations Officer (small cap) – Joan Cosico
Finalist in Best Annual Report –2021 Annual Sustainability Report: “Indomitable”
Country Awards: Most Effective in creating and implementing Diversity & Inclusion policies over the past 12 months
Regional Awards – Industrials: Megawide Construction Corporation
“All-ln for a First-World Philippines: Megawide Construction Corporation’s 2019 Annual and Sustainability Report” (Category: Publications)
KaMegawide: Kasama at Kaisa sa Pag Unlad ng Bansa (Category: Social Media)
Winner. Mid-rise Category forPlumera Mactan Project