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Calax re-bidding to lower investors’ confidence in PPP, PH, warn business groups

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Cavite-Laguna Expressway Route Map   http://www.dpwh.gov.ph

Eight business groups slammed on Tuesday the proposed re-bidding of the P35.4-billion Cavite Laguna Expressway (Calax) deal, stressing that such a move would be an “inopportune” and ill-advised decision that would once again put to question the credibility of the government’s Public-Private Partnership (PPP) program.

Posted: October 28th, 2014 in Latest Business Stories | Read More »

Citra offers to advance cost of ‘common tollway’

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Citra Metro Manila Tollways Corp. has offered to advance the cost of building a common 5-kilometer alignment that will be shared by the parallel elevated roadways of San Miguel Corp. and Metro Pacific Investments Corp.

Posted: December 2nd, 2012 in Headlines | Read More »

Biz Buzz: SCTEx rebidding looms

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The group of Manuel V. Pangilinan may have consented to another revision in the contract for the operation and management of the country’s longest expressway, Subic-Clark-Tarlac Expressway (SCTEx), but this can be all for naught as the Department of Finance is keen on recommending a rebidding of the contract.

Posted: August 27th, 2012 in Headlines | Read More »

MVP group asked to invest in Coastal Road project

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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.

Posted: March 19th, 2012 in Headlines | Read More »

Tollway operator offering to buy back bonds

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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 […]

Posted: March 8th, 2012 in Headlines | Read More »

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