MPIC offers to acquire toll road project in Malaysia
Metro Pacific Investments Corp. has submitted an offer to acquire a toll road project in Malaysia.
“I think that is still under consideration. I know we’ve submitted a bid, an offer, rather for one of their tollways. [We expect the results] maybe in the next month or two,” MPIC chairman Manuel Pangilinan said.
MPIC is also looking at at tollway project in Indonesia.
MPIC currently has a 29.45-percent stake in Don Muang Tollway Public Company Limited, a major toll road operator in Bangkok, Thailand.
The concession for the operation of a 21.9-kilometer six-lane elevated toll road from central Bangkok to Don Muang International Airport and further to the National Monument, north of Bangkok in Thailand runs until 2034.
MPIC through Metro Pacific Tollways Corp. owns a 44.9-percent interest in CII Bridges and Roads, which has several road and bridge projects in and around Ho Chi Minh City, Vietnam.
MPIC operates the North Luzon Expressway, Subic-Clark-Tarlac Expressway and Manila-Cavite Toll Expressway in the Philippines.
MPIC’s subsidiary, MPCala Holdings Inc., is building a four-lane, 47-kilometer closed-system toll expressway connecting Cavitex and South Luzon Expressway.
The P35.4-billion expressway will start from Cavitex in Kawit, Cavite and end at the SLEx-Mamplasan Interchange in Biñan, Laguna.
MPTC in addition is building an 8.3-kilometer toll road known as the Cebu-Cordova Bridge project, linking the island of Mactan to mainland Cebu through the municipality of Cordova.
The company is also building the NLEX-SLEX Connector Road, an eight-kilometer, four-lane toll road linking the North Luzon Expressway and South Luzon Expressway, passing through Metro Manila and using the existing Philippine National Railway alignment as its route.