Republic of the Philippines

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Megawide eyes growth in recurring revenue from PPP projects

Megawide eyes growth in recurring revenue from PPP projects

InterAksyon, 23 December 2013 By Krista Angela M. Montealegre   MANILA – Megawide Construction Corp expects a significant change in its earnings mix as the contribution of its infrastructure ventures is seen to account for half of the business in the next four years. Megawide chief financial officer Oliver Tan last week told reporters that... continue reading

Megawide gears up as infra and construction player

Megawide gears up as infra and construction player

The Philippine Star, 23 December 2013 By Neil Jerome C. Morales   MANILA, Philippines – Megawide Construction Corp., one of the country’s top building contractors, is gearing up to become an infrastructure and construction player in the local bourse. By 2017, the listed firm will derive half of its earnings from the recurring income brought... continue reading

Disqualification of Megawide group in Cebu airport bid sought

Disqualification of Megawide group in Cebu airport bid sought

The Philippine Star, 23 December 2013 By Neil Jerome C. Morales   MANILA, Philippines – The Gotianun family’s Filinvest Development Corp. (FDC) is seeking the disqualification of the consortium of Megawide Construction Corp. and Bangalore-based GMR Infrastructure Ltd., the highest bidder for the P17.5-billion Mactan-Cebu International Airport (MCIA) project. The conglomerate said the unsatisfactory performance... continue reading

2 infra projects for April bidding

2 infra projects for April bidding

Manila Bulletin, 19 December 2013 By Reuters   The Philippine government will put two infrastructure projects worth P100.3 billion ($2.3 billion) up for tender in April and will push through about a dozen other projects before President Benigno Aquino steps down in three years’ time, a government official said. The Cavite-Laguna Expressway project worth P35.4-billion... continue reading

Govt eyes 50 PPP projects by 2016

Govt eyes 50 PPP projects by 2016

Manila Standard Today, 20 December 2013 By Jennifer Ambanta   The government plans to roll out 50 public-private sector partnership projects by 2016, the PPP Center said Thursday. PPP Center executive director Cosette Canilao said the government designed a mechanism for the faster implementation of the projects. She said the target of the government was... continue reading

PPP Center sees award of 15 projects within P-noy’s term

PPP Center sees award of 15 projects within P-noy’s term

The Philippine Star, 20 December 2013 By Lawrence Agcaoili   MANILA, Philippines – The Public-Private Partnership Center (PPP Center) said at least 15 major infrastructure projects worth over P222 billion are expected to be awarded before the term of President Aquino ends in June 2016. Cosette Canilao, executive director of the PPP-Center, said in a... continue reading

Govt targets to award 15 PPP deals by 2016

Govt targets to award 15 PPP deals by 2016

Business Mirror, 19 December 2013 By Cai U. Ordinario   THE Public-Private Partnership (PPP) Center says it will be able to award at least 15 PPP contracts by the time President Aquino ends his term in 2016. In a briefing on Thursday, PPP Center Executive Director Cosette V. Canilao told reporters that by the end... continue reading

Long wait for deals now over, says PPP exec

Long wait for deals now over, says PPP exec

Philippine Daily Inquirer, 19 December 2013 By Miguel R. Camus   In mounting projects, gov’t learns some tough lessons It might have been off to a slow start but now at the halfway mark, President Aquino’s cornerstone public private partnership (PPP) program is gaining traction with a healthy project pipeline that should sustain it beyond... continue reading

PPP Center targets 50 projects

PPP Center targets 50 projects

The Manila Times, 19 December 2013 By Kristyn Nika M. Lazo   The Public-Private Partnership (PPP) Center said that it is targeting a minimum of 50 projects in various stages of progress by 2016. PPP Executive Director Cosette Canilao told reporters at the PPP Center yearend press conference that the 50 targeted projects in the... continue reading

Gov’t upbeat on PPPs

Gov’t upbeat on PPPs

Business World, 19 December 2013   INCREASED investor interest in public-private partnerships (PPPs) has raised government expectations about its centerpiece infrastructure program. The Aquino administration is confident that seven projects, instead of five, will be completed when its term ends in 2016, PPP Center Cosette V. Canilao yesterday told reporters. The government also expects to... continue reading