Megawide confirms all 14,000 NAIA jobs secured; $2.3 Billion equity portion funding needed completed; receives letter of support from Pres. Duterte

Megawide confirms all 14,000 NAIA jobs secured; $2.3 Billion equity portion funding needed completed; receives letter of support from Pres. Duterte

La Industrial by Jose Guevara

Edgar Saavedra, Megawide chairman and CEO, made assurances in a statement issued on Saturday that “All 14,000 jobs at NAIA will be secured” and that Megawide Construction Corp. and its partner, GMR Infrastructure, the world’s fourth largest airport operator, have complied with the equity requirement set by the National Economic Development Authority (NEDA) for their proposal to rehabilitate the Ninoy Aquino International Airport.


Regarding job security, it was similarly feared when Megawide was awarded the Mactan Cebu International Airport. The company made similar commitments and not only kept those commitments, they even increased the hiring, giving more jobs to people in the community.


Meanwhile, a certain partylist representative, Jericho Nograles, has been making reportedly false and baseless accusations against the company, Megawide, one of which is that Megawide’s foreign partner GMR has pulled out and they lack the required equity as set by NEDA.


Recent documents however, as well as public announcements from Megawide’s Chairman and CEO, Edgar Saavedra, prove that their partnership with GMR is intact and have completed the the necessary funding for the equity portion for the $2.3 Billion project cost as required under 60-40% project financing. Furthermore, Megawide Corp recently received an encouraging letter from the President of the Philippines, Rodrigo Duterte which reads:


“Your impressive work in the development and operation of the Mactan-Cebu International Airport strongly affirms how dynamic public-private relationships can lead to successful ventures that redound to the benefit of our people,”
Megawide is the company behind the successful and globally multi-awarded Mactan Cebu International Airport as well as the recently completed and soon to be launched Clark International Airport. Both projects were completed ahead of schedule and under budget.

A copy of President Rodrigo Duterte’s letter

In the same letter, Duterte said that Megawide should be inspired “to explore and pursue more innovative solutions to boost our tourism and transport industries, even amidst the challenges of COVID-19.”


Finding such solutions, the president added, will “make travel opportunities more fun and safe for everyone.”


The NAIA, formerly known as the Manila International Airport, which first opened in 1948, has undergone several repairs and remodeling through the years, but the Megawide-GMR proposal is so far “the most innovative and visionary for the airport.”


Megawide and GMR assured that within the first six months of operations travelers will begin experiencing a transformed NAIA.

This is a recently released new render of the proposed NAIA Terminal 1 which will transform it into a sustainable, green valley, a new landmark for Manila and an iconic airport destination.
Render of the proposed NAIA T1 which will transform it into a sustainable, green valley, a new landmark for Manila and an iconic airport destination.
The Mactan Cebu International Airport is the Philippines’ only world-class, internationally acclaimed airport, constructed and operated by Megawide-GMR, the world’s fourth largest airport operator.
Completed ahead of schedule and under budget, the new Clark International Airport is Megawide-GMR’s second first-world airport delivery for the Philippines.

Leave a Reply