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P65B LRT-1 Cavite PPP deal awarded to Manny V. Pangilinan-backed group

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Light Rail Transit (LRT) Line 1. FILE PHOTO

The Department of Transportation and Communications (DOTC) ordered the award of a P65-billion railway public-private partnership (PPP) contract to a sole bidder late on Friday after weighing the legal implications for weeks.

Posted: September 13th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

MPIC open to any location for common station

Metro Pacific Investments Corp., which is poised to bag the Light Rail Transit Line 1 Cavite extension public-private partnership (PPP) deal with its partners, said it was open to any location for a Quezon City railway common station, where a dispute has delayed the awarding of the P65-billion PPP contract.

Posted: August 11th, 2014 in Headlines | Read More »

DOTC seeks more time to negotiate LRT project

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The government said it needed more time before awarding the P65-billion Light Rail Transit Line 1 (LRT-1) Cavite extension public-private partnership project, with a senior official saying the government was still negotiating with sole bidder Light Rail Manila Consortium, led by Metro Pacific Investments Corp. and Ayala Corp.

Posted: June 27th, 2014 in Headlines | Read More »

MVP eyes investor in tollroad unit

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Manuel V. Pangilinan-led Metro Pacific Investments Corp. is in talks to sell up to a 20-percent stake in its tollroad unit as it seeks financial support for possible big-ticket expressway projects it may bag under the government’s public private partnership (PPP) program.

Posted: May 31st, 2014 in Headlines | Read More »

Metro Pacific registered strong profit growth in first 3 months

Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) registered a 32-percent year-on-year increase in its first quarter net profit to P2.3 billion as the company unlocked higher earnings contribution from its water, electricity, tollroad and hospital businesses.

Posted: May 8th, 2014 in Headlines | Read More »

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