Megawide Construction Corp. said passenger volume in the Mactan-Cebu International Airport is expected to reach 9 million this year, up 12.5 percent from 8 million in 2015.
Megawide president and chief operating office Edgar Saavedra said during the annual stockholders’ meeting passenger volume in the MCIA had been growing since the company took over the airport operations in 2014.
Saavedra said the MCIA would have an overall capacity of 12.5 million passengers a year cnce the modernization of the MCIA airport was completed in 2018.
Meanwhile, Megawide chief marketing officer Louie Ferrer said the company remained interested in other airport projects that the government might bid out.
Megawide in partnership with GMR Infrastructure Ltd. was among the five companies qualified to join the bidding for the P108-billion bundled airport project under the government’s public-private partnership program
The others were Filinvest-Jatco-Sojitz Consortium, Maya Consortium, the Philippine Airports Consortium and the SMHC-IIAC Airports Consortium.
The government is also set to auction by January 2017 the P74.56-billion contract to operate and maintain the Ninoy Aquino International Airport.
Megawide said it will continue with a diversification plan after its venture into power sector where it bought 100 percent of Citicore Power.
Citcore Power currently operates three solar power projects in the provinces of Bataan, Negros Occidental and Cebu. The three plants account for over 100 megawatts of power in the national grid.
The company is committed to producing 1,000 MW of clean energy, such as solar, biomass, wind and hydropower.
Megawide’s construction business contributed 66 percent to total consolidated earnings at P973 million while airport operations accounted for 34 percent.
Megawide expects an additional source of revenues with its venture into the power sector.
The company is also slated to start construction of the P3.5-billion Southwest Integrated Transport System in the last quarter of the year.
SWITS, which is located along the Cavite Expressway in Parañaque City, is expected to help decongest traffic in Metro Manila.
Share price of Megawide on Friday closed at P14.90, down 0.5 percent.
