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.
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.
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 [...]
Rival conglomerates San Miguel Corp. and the Metro Pacific group are once more trading barbs over a major deal, with each claiming to have a superior proposal for an elevated roadway meant to decongest Metro Manila’s streets.
“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.
San Miguel Corp., in partnership with the Citra group of Indonesia, is wrapping up a deal to take over the 35.9-kilometer South Luzon Expressway, putting the tandem in charge of a vital artery in the metropolis.
