A Philippine-Japanese consortium has bagged the contract for the construction of a P P17.75-billion underground stations and a tunnel connecting Ortigas North and Ortigas South.
The consortium consisted of Megawide Construction Corp. and Tokyu Construction, and Tobishima Corp.
“As the Joint Venture’s Filipino partner, we are honored for the opportunity to once again participate in our country’s infrastructure development. We thank the government for giving priority to this project which will be a game changer for the metro’s mass public transportation,” Edgar Saavedra, Megawide chairman and chief executive said.
“Megawide and our partners Tokyu and Tobishima represent expertise, innovation and commitment in our respective fields and nations, which we believe will be critical to the success of this pioneering venture,” he added.
In 2020, Megawide together with its joint venture partners Dong Ah and Hyundai Engineering of Korea secured the contract for Package 1 of the Malolos Clark Railway Project, which is now under construction.
Earlier, Megawide said it also participated in several packages of the North South Commuter Line that will run from Manila to Calamba, Laguna that will complete its rail system expertise to elevated, underground, and at grade.
“As an infrastructure developer with a strong construction foundation, we are well-positioned to offer operational and cost efficiencies as a contractor, being technologically-advanced and vertically-integrated,” Saavedra said.
“Together with our engineering and innovation DNA, we have a distinct advantage to offer competitive bids and value-accretive propositions for big ticket projects. These can be done through strategic joint ventures or consortiums with local or foreign counterparts to build critical infrastructure such as the MCRP, the Subway, and other rail projects. Moreover, first-world engineering can help ensure efficiencies in project delivery and overall operations for the long term,” he added.