In 2004, the company grew to incorporate assets in engineering, procurement, and construction (EPC), Airport Infrastructure, and Transport-oriented Development.
It is a partner of the Philippine government in flagship infrastructure projects such as Mactan–Cebu International Airport (MCIA) (through a joint venture with Indian company GMR), the Parañaque Integrated Terminal Exchange (PITX), the PPP for School Infrastructure Project, and the Clark International Airport Passenger Terminal Building.
[1] Megawide was established in 1997 as a mid-sized construction firm by engineers Edgar Saavedra and Michael Cosiquien a year after their graduation from De La Salle University.
It also won two of that year’s largest construction contracts, The Berkeley Residences and Grass Tower 1 of SM Development Corporation.
The IPO was part of Megawide’s strategy to diversify its client base and undertake public-private partnership projects with the Philippine Government, using the funds for the construction of its precast concrete plant in Taytay, Rizal.