Metro Pacific Investments Corp. plans to acquire and operate at least one expressway in Southeast Asia this year.
“We are already in Thailand and Vietnam, so we are looking at one or two other projects outside Vietnam and Thailand,” MPIC chairman Manuel Pangilinan said.
Pangilinan said the company was looking at tollways in Malaysia and Indonesia with potential for expansion.
“I hope [we can acquire] at least one or two more this year,” Pangilinan said.
MPIC has a 29.45-percent stake in Don Muang Tollway Public Company Limited, a
major toll road operator in Bangkok, Thailand.
The concession for DMT runs until 2034 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.
MPIC through Metro Pacific Tollways Corp. owns a 44.9-percent interest in CII Bridges and Roads, which has various road and bridge projects in and around Ho Chi Minh City.
Its current portfolio includes 68.1 kilometers of roads used by 47,000 vehicles per day and roads under pre- or on-going construction covering a total of 53 kilometers.
MPIC Group operates the North Luzon Expressway, Subic-Clark-Tarlac Expressway and Manila-Cavite Toll Expressway.
MPIC’s subsidiary MPCala secured a contract from the Public Works Department to finance, design, construct, operate and maintain 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 also received a notice of award from both the city of Cebu and the municipality of Cordova for the financing, design, construction, implementation, operation and maintenance of an 8.3 kilometer toll road known as the Cebu-Cordova Bridge p0roject, linking the island of Mactan to mainland Cebu through the Municipality of Cordova.
MPIC earlier reported a core net income of P10.3 billion last year, up 22 percent from P8.5 billion in 2014.
Consolidated revenues grew 10 percent to P37.2 billion from P33.8 billion.