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.
“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.
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.
