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Megawide's Participation in the PNR East-West Railway Project
As of 12 July 2017, Megawide Construction Corporation ("Megawide") has acquired the right to participate in the Philippine National Railways' East-West Railway Project (the “Project”) from the Project Consortium composed of East-West Rail Transit Corporation and Alloy MTD.
Megawide has the option to buy up to sixty percent (60%) of the equity of the special purpose company that will be incorporated for the Project.
The Project Consortium was previously granted original proponent status for its proposal.
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