MANILA, Philippines — A consortium of major Philippine and Japanese expressway players recently signed a memorandum of understanding (MOU) on technical cooperation and exchange of information regarding areas of mutual interest in their respective expressway systems.
PANGILINAN-LED Metro Pacific Tollways Corp. (MPTC) remains bullish on the strong growth potential of its business in Southeast Asia.
METRO PACIFIC Tollways Corp. (MPTC) plans to earmark P45 billion for capital expenditures (capex) this year as it accelerates construction of five toll road projects.
Metro Pacific Tollways Corp. (MPTC), the tollway arm of listed Metro Pacific Investment Corp.
METRO Pacific Tollways Corporation (MPTC), through its Indonesian subsidiary PT Metro Pacific Tollways Indonesia (PT MPTI), now holds a controlling share of 53.26 percent of PT Nusantara
MANILA — The tollways arm of Metro Pacific Investments Corporation (MPIC) has acquired more shares in Indonesian infrastructure firm, PT Nusantara Infrastructure Tbk, with an additional PHP597.33 million
A UNIT of Metro Pacific Tollways Corp. (MPTC) increased its stake in Indonesian infrastructure firm PT Nusantara Infrastructure Tbk, as the result of a mandatory tender offer.
The tollways unit of Metro Pacific Investment Corp. (MPIC) has joined the bidding for a toll road project in Kuala Lumpur, Malaysia as part of its strategy to expand regional presence.
Manuel Pangilinan, MPIC chairman, told reporters results of the bidding are expected in the next two months.
MPIC through its tollways unit Metro Pacific Tollways Corp. (MPTC) has presence in Thailand, Vietnam and Indonesia.
The entry in Malaysia is important for the company’s strategic plan to establish a Pan-Asian Tollways group.
MPIC has 29.45 percent stake in Don Muang Tollways Public Company Ltd (DMT) a major toll road operator in Bangkok, Thailand and has partnership with CII Bridges and Roads (CII B&R) for Vietnam.
Last year, DMT reported a 2- percent increase in daily traffic to 97,919 while CII B&R delivered an 8-percent increase to 52,788 in 2017.
The company expanded in Indonesia through the acquisition of 48.3 percent of PT Nusantara, a publicly-listed limited liability company in Indonesia.
PT Nusantara’s infrastructure portfolio generates approximately 80 percent of its core net income from toll roads, which attract over 300,000 vehicle entries a day.
Locally, MPTC will spend approximately P122.8 billion in the next five years on building highways and toll roads around the Philippines.
MPTC projects in the pipeline include NLEX Harbor Link, NLEX Harbor link Radial Road 10; Cavitex C5 South Link Expressway valued at P12.6-billion; Cebu-Cordova Link Expressway, P26.3-billion ; Cavite Laguna Expressway, P16.9 billion and NLEX-SLEX connector road for P23.3-billion.
MPTC also operates North Luzon Expressway, Manila Cavite Expressway and Subic-Clark-Tarlac expressway.
MANILA, Philippines — Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) has made an offer for a tollway project in Malaysia.
“I know we’ve submitted a bid, an offer for one of their tollways,” MPIC chairman Manuel V. Pangilinan told reporters.
He said the group expects to get the result on the offer made for the tollway project in greater Kuala Lumpur “in the next month or two.”
In 2016, MPIC was in talks for a 50-kilometer tollway project in Kuala Lumpur, but the parties decided not to pursue the deal.
At present, MPIC is involved in the tollways business in Southeast Asian countries such as Indonesia, Thailand, and Vietnam.
In particular in Indonesia, MPIC, through tollway arm Metro Pacific Tollways Corp., has a 48.27 percent indirect stake in PT Nusantara Infrastructure Tbk which is focused on five main business pillars such as road operations, seaport management, water utility management, renewable energy power plant, and telecommunication tower management.
As for Thailand, MPIC holds 29.45 percent in Don Muang Tollway Public Co. Ltd., a major toll road operator in Bangkok.
In Vietnam, MPIC has a 45 percent effective interest in CII Bridges and Roads Investment Joint Stock Co. which has road and bridge projects in and around Ho Chi Minh City.
Locally, MPIC operates the North Luzon Expressway (NLEX), Subic-Clark-Tarlac Expressway and Manila-Cavite Toll Expressway.
Currently, MPIC is building other tollways projects like the Cavite-Laguna Expressway, NLEX – South Luzon Expressway Connector Road, NLEX-Harbor Link Segment 10, C-5 South Link, and Cebu-Cordova Link Expressway.
The infrastructure conglomerate is not only involved in tollways, but in other businesses as well, such as water, power, hospitals, railways, and logistics.
METRO PACIFIC Investments Corp. (MPIC) is looking to close an agreement for a tollways venture in Malaysia this year.
“We hope we could close something within the year,” MPIC Chairman Manuel V. Pangilinan told reporters on the sidelines of the Financial Executives Institute of the Philippines anniversary gala on Jan. 15.
Mr. Pangilinan said MPIC sees Malaysia as the next viable country for an investment in tollways business, after entering the Indonesian market in November. Metro Pacific Tollways Corp. (MPTC) has increased its stake in Indonesia infrastructure holding company PT Nusantara Infrastructure Tbk.
In 2016, MPIC’s talks with a Malaysian company for a 50-kilometer tollway project fell through.
The conglomerate aims to continue its expansion into Southeast Asia and create a “pan-ASEAN” tollway network.
It currently has stakes in in Don Muang Tollway Public Company Limited, a major toll road operator in Bangkok, Thailand, and in CII Bridges and Roads, a firm with road and bridges projects in Ho Chi Minh City, Vietnam.
After Vietnam, Thailand, Indonesia, and possibly Malaysia, MPIC is eyeing opportunities in Myanmar, although there are no “visible” opportunities for now, Mr. Pangilinan said.
MPIC is one of three key Philippine units of Hong-Kong based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls.