Megawide to start Malolos-Clark Freeport Railway Project
Construction and infrastructure conglomerate Megawide is all set to begin this second quarter the construction of the first phase of the Malolos-Clark Railway Project (MCRP), the crucial North Luzon railway line that will link the suburb of Malolos in Bulacan to Clark Freeport in Pampanga..
The combined contract for the services is valued at over P3.1 billion, broken down as follows: P2.9 billion for the supply of concrete materials; P152 million for the provision of temporary facilities; and, P59 million for the initial equipment supply contract, Megawide disclosed to the Philippine Stock Exchange on Tuesday.
Megawide’s batching plant, formworks as well as construction equipment and logistics services (CELS) businesses have thus geared up to supply concrete and provide support facilities to the consortium of Hyundai Engineering & Construction Co., Ltd. (Hyundai E&C); Dong-ah Geological Engineering Co. Ltd. (Dong-ah).
To meet the requirements, Megawide is set to build two mobile batching plants in the area to ensure efficient production and delivery of high-quality ready-mix concrete, while the formworks segment has begun installation of temporary facilities at the project site to house various equipment.
“Megawide will continue to leverage on its vertically-integrated construction advantage to deliver much-needed infrastructure projects like the MCRP, on time and with high quality and excellent workmanship. Together with our partners, we are ready to begin building a first-world railway that every Filipino deserves,” Edgar Saavedra, Megawide chair and chief executive officer, said.
Megawide seeks to boost the capacity of its ancillary business units under its engineering, procurement, and construction (EPC) platform to complement what it touts as a state-of-the-art pre-cast technology.
The company operates a 20-hectare industrial facility in Taytay, Rizal, which houses its main precast plant, other ancilliary business, and a vast stockyard. It also maintains mobile and strategic site-based batching and precast plants for large-scale projects. INQ
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