Megawide team packs phase 1 of the Malolos-Clark rail project

ADB infographic on the $ 2.75 billion Malolos-Clark rail project

The consortium of Megawide Construction Corp. (Megawide) and its Korean partners Hyundai Engineering & Construction Co. Ltd. and Dong-ah Geological Engineering Company Ltd. pocketed a 17-kilometer segment of the Malolos-Clark Rail Project (MCRP) for an estimated value of the P28 billion project.

The MCRP package 1 award notice was sent to the consortium on September 18, Megaworld said in a press release on Monday.

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

The consortium will undertake the construction and provision of civil engineering works for around 17 kilometers of viaduct structure, including the elevated station buildings in Calumpit, Bulacan and Apalit, Pampanga.

“Megawide, together with our world-renowned consortium partners in the engineering field, Hyundai E & C and Dong-ah, is committed to delivering the highest standards of excellence in construction and engineering for the MCRP. This will be another first world infrastructure in the making, ”said Edgar Saavedra, president and CEO of Megawide.

The project’s estimated cost of P28 billion is equivalent to more than half of Megawide’s current order book of P48 billion. Therefore, it is considered that it will increase the revenue of the construction segment of the company in the next three to four years during the development phase.

Considering that precast materials and auxiliary construction services will be important components for this type of development, it is considered that the project will also benefit Megawide’s business units and support expansion plans in this area.

Louie Ferrer, director of Megawide and Edgar Saavedra, president and CEO

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