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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 »

SMC, Metro Pacific spar over elevated highway deal

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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.

Posted: March 5th, 2012 in Latest Business Stories | Read More »

Skyway proposal ‘mind-boggling,’ says rival firm

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Photo of Epifanio de los Santos Avenue, or EDSA, taken on Jan.15, 2012. The Citra Metro Manila Tollways Corp. has proposed to build a skyway over the major thoroughfare, but its rival, the Metro Pacific Tollways Corp., thinks the proposal is not possible at the quoted cost of P24 billion. INQUIRER PHOTO/RAFFY LERMA

“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.

Posted: February 27th, 2012 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

SMC, Citra buy out SLEx operator for P20B

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A flyover is seen at the South Luzon Expressway in Manila in this 2010 file photo. San Miguel Corp. and the Citra group of Indonesia are poised to take over the 35.9-kilometer SLEx, which runs from Alabang to Sto. Tomas, Batangas. AFP PHOTO/NOEL CELIS

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.

Posted: January 10th, 2012 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

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