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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 »

Ayala, MPIC take PPP project to next level

A consortium led by the Ayala Corp. and Metro Pacific Investments Corp. has signed an agreement with Singapore’s MSI Global Pte. Ltd. to help implement a P1.7-billion project for the Philippines’ mass transit system.

Posted: April 12th, 2014 in Headlines | Read More »

MNTC offers retail bonds to raise funds for NLEX project

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North Luzon Expressway. INQUIRER FILE PHOTO

North Luzon Expressway Manila North Tollways Corp. debuted on the local bond market on Wednesday with a retail bond offering of up to P7 billion, making history as the first unlisted local company to tap the local bond market.

Posted: March 19th, 2014 in Latest Business Stories | Read More »

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