Businessman Manuel V. Pangilinan is set to make a significant investment in the holding firm that owns the Coastal Road project connecting Metro Manila with the province of Cavite—a move that may eventually give the telecommunications tycoon control of the toll highway.
The group of Manuel V. Pangilinan may make another bid for a controlling stake in the Manila-Cavite Toll Expressway Project, or the Coastal Road, that links Metro Manila to the Cavite Province.
The operator of the Manila Cavite Toll Expressway Project, or Coastal Road, has offered to buy back its “junk” bonds held by foreign and local investors, which were issued to fund the construction of the toll road extension to Kawit, Cavite. In a statement, Manila Cavite Toll Road Finance Co. said its affiliate, Cavitex Finance [...]
