Megawide bags P1.87-B Cavite BRT project

Megawide Construction Corp. is set to build the P1.87-billion Cavite Bus Rapid Transit (BRT) project, which is seen to improve public transportation in the province and provide point-to-point link to Metro Manila via Parañaque Integrated Terminal Exchange (PITX).

In a disclosure on Thursday, the listed company said it had received the notice of award from the local government unit of Cavite on Jan. 8.

Megawide is working with local investment holdings company Maplecrest Group Inc. for this project.

“The award is subject to the private sector proponents fulfilling all necessary conditions and submitting required documentation,” it added.

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The BRT project will span 42 kilometers across the cities and municipalities of Cavite—particularly Imus, General Trias, Tanza, Kawit and Trece Martires—and surrounding areas to provide a link to Metro Manila.

According to the terms of the project, the project will include 37 stations and three terminals.

The chosen private concessionaires, who are tasked with financing and constructing the project, are granted a 30-year concession period. The assets will be turned over to the government after.

The BRT is seen to complement the operations of Megawide’s PITX, which also provides links to several provinces including Baguio City, Quezon Province, Laguna, Bicol and Batangas.

Meanwhile, Megawide’s proposed P1.19-billion Baguio City Integrated Terminal Project is set to undergo a comparative challenge this year, according to the Public-Private Partnership Center of the Philippines.

In this stage, the government agency will invite other proposals that can rival the offer of Megawide. The original proponent is then allowed to match counter offers during the process. If no better offer was filed, Megawide will emerge as the winner.

The transport hub—which will cater to provincial buses from outside of Baguio City— covers the operations and maintenance of an intermodal transport facility along Marcos Highway.

In aviation, Megawide was tapped last year to design and build the passenger terminal building of Caticlan Airport, the gateway to Boracay Island.

The new building at the airport operated by San Miguel Corp. Infrastructure subsidiary Trans Aire Development Holdings Corp. is expected to cater to 7 million passengers annually.