Reliable infrastructure objectives and contractors in Philippines? Megawide is one of the leading engineering and infrastructure firms in the Philippines today, with a decisive portfolio in Engineering, Procurement, Construction and Transport-oriented Development. Its revolutionary construction and engineering solutions set new standards in the industry by integrating its first-world EPC capabilities with innovative construction technologies such as precast, formwork’s systems, concrete batching and construction equipment, logistics, and services. Discover additional info on infrastructure Philippines. EXCELLENCE: We consistently try to do well in whatever we take on, great or small, because we owe it to ourselves to try and become better in what we do.
The Company likewise continued with its financial management initiatives, specifically aimed at balance sheet health and optimizing financing costs. As of end December 2021, the Parent Company improved its debt-to-equity ratio to 1.23x from 1.59x pre-pandemic in 2019 and remained well below the 2.33x covenant. The Company also completed the rebalancing of its P24.5 billion project financing at GMCAC in May 2021 and successfully issued P4.0 billion worth of Series 4 Preferred Shares to retire the original and more expensive Company Preferred Shares issued in 2014. “We also turned inward to strengthen our financial position, tapping the capital markets to take advantage of favorable interest rates, as part of our long-term financial management roadmap,” Saavedra said.
Among these are the construction of 10,000 public classrooms under Department of Education’s PPP for School Infrastructure Project, the development of the now internationally-acclaimed Mactan-Cebu International Airport, the delivery of the first-of-its-kind Paranaque Integrated Terminal Exchange, and the construction of the Clark International Airport’s new passenger terminal building, which was completed ahead of schedule, amid the pandemic.
Through the years, Megawide has consistently showed and proved that it has the financial capacity, as well as technical and management capability, to undertake major national infrastructure projects. We will use our experience building infrastructure projects like the passenger terminals in Mactan-Cebu and Clark, as well as operating MCIA, to deliver our promise of having a first class gateway that Manila deserves. Megawide has both in-house and external financing plans, the expertise, and the integrity to deliver on all phases of the NAIA transformation project, just like we did for MCIA. GMR, a world leading airport developer, is Megawide’s partner for Mactan-Cebu International Airport. We plan to replicate our success there in positively turning around NAIA.
City of Dreams is a luxurious getaway within Metro Manila. Located at the Entertainment City in Paranaque, the 6.2-hectare luxury resort is home to 938 rooms, 20 regional and international specialty restaurants, a retail boulevard, spas, gyms, and four entertainment venues namely: DreamPlay, CenterPlay, K-Golf and The Garage VR Zone & Food Park. It also hosts the famed “fortune egg,” a golden dome that glimmers with the rays of the sun, making it visible even from afar. Discover extra info at https://megawide.com.ph/.