Megawide Construction Corp. has been awarded a P1.2-billion contract to build the Baguio City Integrated Terminal (BCIT) project, a transport hub similar to Parañaque Integrated Terminal Exchange (PITX). The project aims to decongest traffic in Baguio City, a popular tourist destination. BCIT will house 400 buses and cater to 25,000 passengers daily via seven southbound routes. The project is expected to be operational by 2027. Megawide previously built PITX, which contributed P217 million to its revenues in the first semester.
MEGAWIDE LANDS P1.2-B DEAL FOR BAGUIO TRANSPORT HUB
Latest from Business
The Government Service Insurance System (GSIS) will launch a P12.5 billion loan program to help state
The Department of Agriculture announced it will request the immediate release of its remaining P50 million
The Supply Chain Management Association of the Philippines (SCMAP) said manufacturing companies are exploring ways to
The Bangko Sentral ng Pilipinas (BSP) is phasing out reliance on one-time passwords (OTPs) in Philippine
ASEAN’s multibillion-dollar plan to link member countries’ power grids by 2045 continues to face significant funding