Megawide

Megawide, formally Megawide Construction Corporation, is a Philippine infrastructure and construction company founded in 1997 by civil engineers Edgar Saavedra and Michael Cosiquien. The business began as a mid-sized general contractor in Quezon City and later developed into a broader infrastructure platform covering engineering, procurement and construction, construction equipment and logistics, airport infrastructure, transport-oriented development, real estate, and selected power and clean-energy investments. Its operating model combines conventional construction capabilities with participation in large public-private partnership and transport infrastructure projects. The company was incorporated in 2004 to undertake general construction activities. Its scope included site development, earthworks, structural and civil works, masonry, architectural finishes, electrical work, plumbing and sanitary systems, fire protection, and mechanical work. In 2007, Megawide received a Triple A license from the Philippine Contractors Accreditation Board, strengthening its position in the upper tier of the Philippine contracting market. That year it also secured major private-sector construction contracts including The Berkeley Residences and Grass Tower 1 for SM Development Corporation. Megawide expanded beyond conventional building construction through engineering, procurement and construction capabilities, precast concrete production, construction equipment and logistics services, and infrastructure concessions. The company became particularly associated with transport projects. Through GMR-Megawide Cebu Airport Corporation, a joint venture with India's GMR Infrastructure, it participated in the redevelopment and operation of Mactan-Cebu International Airport. It also developed and operates the Parañaque Integrated Terminal Exchange, a major intermodal transport terminal in Metro Manila. Other flagship work has included the Clark International Airport Passenger Terminal Building and the Philippine government's PPP for School Infrastructure Project. Megawide became a publicly traded company on the Philippine Stock Exchange in February 2011 under the symbol MWIDE. The initial public offering supported the company's expansion and helped finance a precast concrete plant in Taytay, Rizal. The listing also formed part of a strategy to broaden its client base and pursue government-backed infrastructure opportunities. In 2018, Megawide and GMR submitted a proposal for the redevelopment and decongestion of Ninoy Aquino International Airport, demonstrating the group's ambition to apply its airport and infrastructure expertise to additional national projects. The broader group has included businesses associated with construction, equipment and logistics, international operations, power, renewable energy, transport terminals, real estate, and retail. Named entities in reference material include Megawide Construction Equipment, Logistics and Services; Megawide International; GMR-Megawide Cebu Airport Corporation; MWM Terminals; Megawide Terminals; Megawide Land; Altria East Land; Citicore-related power entities; and Globemerchants. The exact current ownership and operating status of individual subsidiaries is not established by the supplied material. Megawide's positioning is that of a Philippine infrastructure partner capable of delivering complex projects from design and procurement through construction and, in selected cases, long-term airport or terminal operations. Its portfolio spans private property developments as well as nationally significant transport and public infrastructure. Current financial performance, present executive leadership, detailed geographic reach, and the company's current official website are not established in the supplied reference material.

Megawide was established in 1997 in Quezon City by civil engineers Edgar Saavedra and Michael Cosiquien, who had graduated from De La Salle University the previous year. It began as a mid-sized Philippine construction firm serving private development and building projects. The founders subsequently broadened the company's capabilities, and in 2004 the business was incorporated to conduct general construction across a wide range of disciplines, including site development, earthworks, structural and civil works, masonry, architectural finishes, electrical systems, plumbing and sanitary installations, fire protection, and mechanical works. A significant early credential came in 2007, when Megawide received a Triple A license from the Philippine Contractors Accreditation Board. The same year, it won two substantial construction contracts: The Berkeley Residences and Grass Tower 1, both associated with SM Development Corporation. These projects helped establish the company as a major contractor in the Philippine property and construction market. The company pursued a more diversified infrastructure strategy during the following years. It developed engineering, procurement and construction capabilities and added construction equipment, logistics, precast concrete, airport infrastructure, and transport-oriented development to its business interests. This expansion allowed Megawide to pursue projects extending beyond ordinary building contracts, including government-backed public-private partnerships and transport assets with long-term operational components. Megawide went public on the Philippine Stock Exchange on February 18, 2011, trading under the symbol MWIDE. The offering was launched in February at an initial price of P7.84 per share. According to the reference material, the company intended to use the proceeds partly to support construction of a precast concrete plant in Taytay, Rizal, while also using the listing to diversify its customer base and pursue Philippine government infrastructure projects. Airport and transport infrastructure became central to the company's public profile. Megawide formed GMR-Megawide Cebu Airport Corporation with India's GMR Infrastructure and participated in the redevelopment of Mactan-Cebu International Airport. The group also developed the Parañaque Integrated Terminal Exchange, an intermodal transport facility in Metro Manila. Other cited infrastructure work includes the PPP for School Infrastructure Project and the passenger terminal building at Clark International Airport. In March 2018, Megawide and GMR submitted a proposal valued in the reference material at approximately P150 billion for the decongestion and redevelopment of Ninoy Aquino International Airport. The proposal illustrated the company's ambition to apply its combined construction, airport, and public-private partnership expertise to the country's largest transport infrastructure challenges. The group has also been associated with power and clean-energy investments, real estate development, construction equipment and logistics, international operations, retail, and transport-terminal entities. Examples named in reference material include Megawide Construction Equipment, Logistics and Services; Megawide International; Citicore-related power companies; MWM Terminals; Megawide Terminals; Megawide Land; Altria East Land; and Globemerchants. The supplied sources do not establish the current status, ownership structure, or operating scope of every named entity. Megawide's cited construction portfolio includes residential, commercial, hospitality, educational, and mixed-use projects such as Bellevue Executive Tower, Millenia Tower, Sea Residences, University Tower, and other developments. Its infrastructure portfolio, however, has increasingly defined the brand: Megawide presents itself as an integrated contractor and infrastructure partner able to participate in project development, construction, and selected asset operations. Information about current management, recent financial results, present market capitalization, and current corporate strategy requires verification from up-to-date primary sources.

• 2018

  Ninoy Aquino International Airport proposal

  [1]Megawideen.wikipedia.org

  Megawide and GMR submitted a proposal for the redevelopment and decongestion of Ninoy Aquino International Airport.

• 2011

  Initial public offering

  [1]Megawideen.wikipedia.org

  Megawide Construction Corporation began trading on the Philippine Stock Exchange under MWIDE.

• 2007

  Triple A contractor accreditation

  [1]Megawideen.wikipedia.org

  Megawide received a Triple A license from the Philippine Contractors Accreditation Board and secured major contracts for The Berkeley Residences and Grass Tower 1.

• 2004

  Business incorporated for general construction

  [1]Megawideen.wikipedia.org

  Megawide was incorporated to undertake general construction and a broad range of civil, structural, architectural, mechanical, and building-services work.

• 1997

  Company founded

  [1]Megawideen.wikipedia.org

  Edgar Saavedra and Michael Cosiquien established Megawide as a mid-sized construction firm in Quezon City.

A Philippine engineering, procurement and construction and infrastructure platform that combines contracting expertise with airport, transport-terminal, public-private partnership, and related development capabilities.

• Construction and infrastructure services

  Engineering, procurement and construction

  Megawide's core offering covers integrated engineering, procurement, and construction delivery. Its general construction scope includes site preparation, earthworks, structural and civil works, masonry, architectural finishes, electrical installations, plumbing and sanitary systems, fire protection, and mechanical works. The capability is used across private developments and large public infrastructure projects.

• Construction materials and systems · 2011

  Precast concrete systems

  Megawide expanded into precast concrete production as part of its effort to improve construction capacity and support large-scale project delivery. Reference material identifies a precast concrete plant in Taytay, Rizal as an intended use of proceeds from the company's 2011 public offering.

• Transport infrastructure

  Airport infrastructure

  Through its partnership with GMR and related entities, Megawide participates in airport development and infrastructure operations. Its cited airport work includes the redevelopment and operation of Mactan-Cebu International Airport and construction of the Clark International Airport Passenger Terminal Building.

• Transport infrastructure

  Transport terminals

  Megawide has developed transport-oriented infrastructure, most notably the Parañaque Integrated Terminal Exchange. The terminal business extends the company beyond construction into the development and operation of intermodal transport assets.

• Industrial services

  Construction equipment and logistics services

  Megawide Construction Equipment, Logistics and Services is identified as part of the group's construction-related portfolio. The business supports equipment, logistics, and project-delivery requirements associated with the company's contracting and infrastructure activities.

• 2018

  Submitted airport redevelopment proposalOther

  Background

  Megawide and GMR sought to apply their airport infrastructure experience to congestion and capacity challenges at Ninoy Aquino International Airport.

  Action taken

  The consortium submitted a proposal for the redevelopment and decongestion of the airport.

  Aftermath

  The proposal demonstrated the group's intent to pursue additional large-scale Philippine transport infrastructure opportunities; the supplied material does not establish the final outcome.

  Source

• 2011

  Used public-market expansion to pursue infrastructure diversificationStrategy

  Background

  Megawide's public offering formed part of a strategy to broaden its client base and pursue public-private partnership projects with the Philippine government.

  Action taken

  The company listed on the Philippine Stock Exchange and directed planned proceeds toward expansion, including a precast concrete plant in Taytay, Rizal.

  Aftermath

  The listing supported Megawide's transition from a conventional contractor toward a broader infrastructure and project-development platform.

  Source

1. 1Megawideen.wikipedia.org