MEGAWIDE Construction Corp. reported on Tuesday that it has recently concluded a subcontracting agreement with Hyundai Engineering & Construction Co., Ltd. and Dong-ah Geological Engineering Co. Ltd. to supply ready-mix concrete for the Clark Phase 2 (Malolos-Clark) railway project.
The deal was signed on April 21 by the corporation and its joint venture (JV) partners.
“The P2.9 billion deal provides for the construction and maintenance of concrete batching plants, as well as the supply of ready mix concrete to the project,” the firm said in a stock exchange filing.
Megawide would set up two mobile batching plants with capacities of 120 and 80 cubic meters per hour, respectively.
After winning a “stringent” bidding procedure, the firm announced in April that its batching factory, formworks, building machinery, and logistics businesses were planning to supply concrete materials and support facilities to the consortium of Hyundai Engineering & Construction, Dong-ah Geological, and Megawide.
“The total value of the contracts for services is more than P3.1 billion — P2.9 billion for the procurement of construction products, P152 million for the provision of temporary facilities, and another P59 million for the original machinery supply contract,” Megawide said in a news release.
“The 54-kilometer PNR Clark Phase 2 (Malolos-Clark) project, which will provide the country’s first airport railway express service, is part of the 148-kilometer NSCR Project, which will run from Laguna to Clark, Pampanga. PNR Clark Phase 1 (Tutuban-Malolos) and PNR Calamba (Solis-Calamba) are the other two divisions, according to the company.