Megawide bags P2-b Maynilad deal
Megawide Construction Corp. has bagged a P2-billion contract from Maynilad Water Services Inc. to build a water treatment facility.
Megawide said in a disclosure to the stock exchange Monday it received a contract to design and build Maynilad’s newest water treatment facility in Las Piñas City.
This will be Megawide’s first water treatment engineering project and its first with Maynilad, the water concessionaire for the west zone of Metro Manila.
“The Megawide construction business will continue its expansion this year, starting with Maynilad’s 88 MLD Las Piñas facility,” Megawide chairman Edgar Saavedra. “We are actively seeking more projects outside the residential and commercial types to expand our portfolio.”
The water treatment facility will allow Maynilad to recover some 88 million liters per day of potable water, or enough to supply 88,000 households.
Megawide teamed up with Toshiba Group’s UEM India Pvt. Ltd. and local company LinkENERGIE Industries Co. Inc. to deliver the project’s design and construction components.
“We partnered with UEM and LinkENERGIE to ensure delivery of the highest quality standards. UEM brings solid international experience in creating water treatment facilities and we are looking forward applying their world-class standards to this project,” Saavedra said.
UEM is an international environmental services company that specializes in water and wastewater collection, treatment and disposal. It has a solid presence in the US, Trinidad & Tobago, and India. It was acquired by the Toshiba Group in 2015.
Saavedra said Megawide would look for projects with a big impact on nation building following its multi-year diversification plan
“This is a project that will greatly benefit Greater Manila and adjacent provinces,” said Saavedra. “We are proud to be a partner of Maynilad in this endeavor and we are looking forward to pursuing more projects in this industry.”
Saavedra said the group hopes to get more construction projects. “Our construction business is off to a great start this year. We have a number of exciting new projects that we will announce very soon,” he said.
Design and other pre-construction work on the Las Piñas facility will begin this month.
Megawide is currently among the country’s leading contractors for residential, commercial, hotel and mixed-use projects.
The government in December awarded to Megawide-GMR Consortium the engineering, procurement and construction contract for the Clark International Airport new terminal building, the state’s first hybrid infrastructure project under the ‘Build, Build, Build’ program.
Megawide-GMR, a joint venture of Megawide and GMR Infrastructure of India, was declared the bidder with the “lowest calculated responsive bid,” after passing the post-qualification evaluation phase of the competitive bidding―beating the offers of four other bidders.
The ‘post-qualification’ process, done in accordance with government procurement rules, involved validating and verifying the authenticity and veracity of statements made and documents submitted by lowest bidder.
Megawide-GMR submitted the lowest financial proposal for the airport expansion project at P9.36 billion on Dec. 14.