Megawide Construction (Manila) has signed with RIB iTWO 5D Big Data technology to expand their usage from Phase I to a Phase II deal for the construction of Mactan Cebu International Airport
Stuttgart, Germany, 21 May 2014, RIB Software AG. Megawide Construction Corporation, one of the most innovative and successful construction companies in the Philippines has signed an additional license agreement with RIB to expand their usage of iTWO licenses to a Phase II deal, to utilize iTWO's World leading 5D Big Data technology to run their recently awarded Mactan Cebu International Airport end to end. The Department of Transportation and Communications of Philippines had signed the concession agreement with GMR-Megawide for the modernization of the Mactan-Cebu International Airport. The agreement covers the turnover of operations and maintenance of the second busiest airport in the country to the construction firm, which paid PHP 14.4 billion (Approx. 322 million USD) in premium for the project. Construction of the new passenger terminal building dedicated to international flights will begin in January 2015, and is expected to be completed by early 2019.
Megawide Construction Corporation is a publicly-listed construction firm with sixteen years' engineering experience in industry. Through the brand of engineering excellence, Megawide has turned into the country's leading construction firm and well recognized for its use of advanced construction methods and technology in Philippines.
Mr Thomas Wolf, CEO and Chairman of RIB Software AG: "The usage of iTWO in the Mactan Cebu International Airport follows similar decisions made by airports globally to better manage the 5D big data and knowledge in such mega infrastructure projects with iTWO technology. Together with Megawide, we are running together to create the next generation of living, engineering and construction."
Mr Sanjay Sivanandan, President of RIB Asia Pacific & Middle East: "We are delighted with the expansion of the usage of iTWO technology by our client on their biggest new airport project to be built in Philippines. This strengthens our cooperation with our partner Megawide and reaffirms that our iTWO 5D Big Data End to End technology provides significant benefits in cost, time and risk to our clients in managing and executing the construction of their mega projects."
About RIB Group
RIB Software AG is an innovator in construction industry. The company designs, develops, and offers iTWO technology for the construction industry worldwide. iTWO is the world's first Cloud-based Big Data BIM 5D enterprise solution for construction industry. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new technology, new thinking and new working method to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 600 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector, etc.