Business

Walang pilitan! Megawide ready to drop NAIA rehab bid and focus on other big projects

Megawide Construction Corp. is letting go and ready to get other projects moving forward following reports that the government has affirmed the revocation of the company’s original proponent status for the upgrade of the Ninoy Aquino International Airport (NAIA).

While it has yet to receive a formal communication from the government with respect to its motion for reconsideration, Megawide said it would accept its fate and move on to other projects similar in scale.

“We already submitted our motion for reconsideration but if it is still not enough to meet government requirements, we will respect their decision and move on to other projects that have equal significance,” said Megawide.

Finance Secretary Carlos Dominguez last week said the government was ready to step in and modernize the country’s main international gateway following failed bids
from the private sector.

“We truly wish the government and other interested parties success in the transformation of NAIA. We sincerely hope for its redevelopment and soon – it cannot just be a band-aid solution, but a real, first-world transformation that will benefit Filipinos and the entire Philippine airport system. Filipinos deserve a first-world NAIA and first-world national gateway,” Megawide said.

Bilyonaryo Ed Saavedra-led Megawide recently sealed a deal to redevelop Cebu’s Carbon Market for P5.5 billion.

The project will involve the construction of a business center with in-city hotels, restaurant hubs, parks and a “well-designed” public market.

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