Megawide Construction Corp. said its losses narrowed to P7.12 million in the first quarter from the P60.72 million it incurred last year. The improvement in net loss was a result of de-consolidation of the airport segment, the company said. Consolidated revenues for the period amounted to P4.55 billion, some 14…
Megawide continues to bleed; losses widen to nearly P320M bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published July 26, 2021, 11:04 AM
The Asian Development Bank (ADB) is preparing its funding support for the P345-billion Philippine National Railways’ (PNR) Calamba project.
In a statement, the Manila-based multilateral financial institution said that funding for the 40.5 kilometer viaduct structures of PNR Calamba, also called South Commuter Railway Project, is up for “consideration” by the ADB Board in the fourth-quarter.
“We are pleased to partner with the Philippine government in this transformative project that will have substantial multiplier effects on the economy and regional development,” Kelly Bird, ADB Philippines country director said Monday, July 26.
PNR-Calamba is a key component of the 147-kilometer North–South Commuter Railway (NSCR) system that aims to cut travel time from Clark International Airport in Pampanga to Calamba City from more than four hours to just 1.5 hours.
Railway project gets record bids from 17 foreign, 6 PHL firms bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Megawide, JV partners sign P2.9-B Malolos-Clark railway deal
May 5, 2021 | 12:05 am
BW FILE PHOTO
MEGAWIDE Construction Corp. announced on Tuesday that it recently signed a subcontracting agreement with Hyundai Engineering & Construction Co., Ltd. and Dong-ah Geological Engineering Co. Ltd. to supply ready-mix concrete for the package 1 of the Philippine National Railways (PNR) Clark Phase 2 (Malolos-Clark) railway project.
The company said it signed the agreement with its joint venture (JV) partners on April 21.
“The P2.9-billion contract provides for the installation and operation of concrete batching plants and supply of ready mix concrete to the project,” the company said in a disclosure to the stock exchange.