BIZ BUZZ: Megawide building new infra pipeline
With the government now finalizing the terms of reference for the Edsa Busway privatization, Megawide Construction Corp. —whose unsolicited proposal on the same project had earlier been rejected—isn’t throwing in the towel. It is preparing to participate in the upcoming public bidding for this bus carousel.
For the construction and engineering group led by Edgar Saavedra, Edsa Busway will complement its Parañaque Integrated Terminal Exchange (PITx) as well as the recently bagged Cavite Bus Rapid Transit (BRT) project.
The idea is to improve the bus lanes throughout this major highway, set up proper stations and pull out all the stops to ease traffic bottlenecks on Edsa.
After exiting the Mactan-Cebu International Airport concession, Saavedra is gung-ho on other infrastructure-building opportunities, particularly the school buildings of the Department of Education and the Pambansang Pabahay para sa Pilipino Housing (4PH) program, the flagship national housing project of the government.
These are the two other areas where Megawide could make a big impact, Saavedra said.
