Infrastructure objectives and companies in Philippines by Megawide? Megawide is one of the country’s most progressive infrastructure conglomerates with a decisive portfolio in Engineering, Procurement, and construction (EPC), Airport Infrastructure, Progressive Property Development, and Renewable Energy. Discover even more info on infrastructure Philippines. MALASAKIT: We are moved to action by the people and ideas that we care deeply about, such as our families, colleagues. and our desire for a better life for ourselves and our fellow Filipinos.
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.
Megawide Construction Equipment, Logistics and Services (CELS) delivers superior and cost-effective end-to-end services through an extensive roster of first-world equipment for construction, material handling, earthmoving, concrete delivery, and vehicles for transport and logistics. These world-class construction solutions enable maximum efficiency with shorter timelines. Megawide CELS also provides equipment leasing options to clients. See more info at https://megawide.com.ph/.