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SMC, MPIC clash on road projects

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The San Miguel and Metro Pacific groups have struck a compromise on the P7-billion, five-kilometer common alignment for their respective North Luzon-South Luzon Expressway connector road projects, according to Inquirer sources.

Conglomerates Metro Pacific Investments Corp. (MPIC) and San Miguel Corp. are on a collision course again over differing proposals on how to fund and build the shared portion of two north-to-south connector roads.

Posted: November 26th, 2012 in Editor's Pick,Headlines | Read More »

Skyway proposal ‘mind-boggling,’ says rival firm

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Photo of Epifanio de los Santos Avenue, or EDSA, taken on Jan.15, 2012. The Citra Metro Manila Tollways Corp. has proposed to build a skyway over the major thoroughfare, but its rival, the Metro Pacific Tollways Corp., thinks the proposal is not possible at the quoted cost of P24 billion. INQUIRER PHOTO/RAFFY LERMA

“Ambitious,” “incredible” and “mind-boggling.” This was how the group of Manuel V. Pangilinan described claims by San Miguel Corp. (SMC)-backed Citra Metro Manila Tollways Corp. (CMMTC) that it could build a highway over busy Metro Manila streets at a lower cost.

Posted: February 27th, 2012 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Group bucks MVP’s connector road plan

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RIGHTS TO BUILD CONNECTOR ROAD  Citra Metro Manila Tollways Corp., operator of the Metro Manila Skyway, claims that it has the rights to build a connector road linking the two major toll road systems at the north and south of Metro Manila, based on a recent Department of Justice opinion.

Businessman Manuel V. Pangilinan’s bid for the contract to build the so-called “connector road” will not go as smoothly as he hoped for due to the pronouncement of a rival group that it had a more lawful claim to the deal.

Posted: November 21st, 2011 in Editor's Pick,Featured Gallery,Headlines | Read More »

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