Metro Pacific Tollways Corporation - updates

Rappler's latest stories on Metro Pacific Tollways Corporation

ARTICLE FINDER

Metro Pacific net income rises by 15% in 2017

Mar 01, 2018 - 6:45 PM

The increase to P13.2 billion in 2017, from P11.5 billion in 2016, is largely due to Meralco and Global Business Power

Metro Pacific to slow down on new proposals until toll hikes resolved

Feb 26, 2018 - 5:00 PM

The tollways unit of Metro Pacific Investments Corporation says it has foregone roughly P7.5 billion in potential revenues since 2012 because of delayed toll adjustments

PENDING HIKE. The delays in toll hike have been hurting the pockets of operators, with a total foregone revenue of roughly P7.5 billion. Image from Wikimedia

Cavite-Tagaytay-Batangas Expressway project seen to move forward in February

Feb 11, 2018 - 7:45 PM

It would only take less than an hour for motorists from Manila to reach Tagaytay once the 49-kilometer Cavite-Tagaytay-Batangas Expressway (CTBEX) is built

PROPOSED TOLLWAY. The proposed project is a 47-kilometer tollway, with a two-by-two lane carriageway traversing mostly the rural areas of Silang, Tagaytay, Amadeo, Mendez, Alfonso and Magallanes, in Cavite; as well as Nasugbu in Batangas. Image from DPWH website

C5 South Link project to cause heavy traffic in Parañaque late 2018

Feb 09, 2018 - 2:10 PM

Around 45,000 vehicles are expected to benefit from the 7.7-kilometer C5 South Link project, decongesting EDSA when it starts commercial operations in 2019

DECONGESTION. Arlette Capistrano of the Metro Pacific Tollways said that the C5 South Link Expressway is expected to decongest 45,000 vehicles regularly playing the service road that goes to C5. Photo by Aika Rey/Rappler

Metro Pacific unit to borrow P36 billion for 2 new toll roads

Jan 29, 2018 - 12:00 AM

The tollways unit of Metro Pacific Investments Corporation is getting ready for the construction of the Cavite-Laguna Expressway and the C5 South Link Expressway

NEW ROADS. The tollways arm of Metro Pacific Investments Corporation (MPIC) is spending P153 billion until the 1st quarter of 2018 to start building highways and toll roads around the Philippines. Photo from MPIC website

Metro Pacific eyes more toll roads, water projects in ASEAN countries

Nov 08, 2017 - 6:15 PM

For Indonesia alone, Metro Pacific CEO Jose Maria Lim says his firm is exploring dozens of toll road concession deals

Metro Pacific tollways unit expands presence in Indonesia

Nov 06, 2017 - 8:40 PM

For $132 million, the toll road arm of Metro Pacific Investments Corporation raises its stake in Indonesian infrastructure holding company PT Nusantara

More electronic toll collection options for Metro Pacific's roads soon

Aug 22, 2017 - 8:00 PM

For now motorists traversing the NLEX can pay toll fees using their Easy Trip RFID Beep cards as well as Mastercard contactless debit prepaid and credit cards

ELECTRONIC TOLL COLLECTION. Metro Pacific Tollways chairman Manuel Pangilinan tries new electronic toll collection of North Luzon Expressway. Photo courtesy of PayMaya Philippines

Metro Pacific pouring P153B into public infrastructure 'til 2018

Apr 04, 2017 - 9:33 AM

The infrastructure conglomerate is set to start construction of the Cavite Laguna Expressway and Cebu Cordova Link Expressway among others in 2017

PRIVATE HANDS. One of Metro Pacific's projects is NLEX Harbor Link Segment 10, which will be an elevated roadway connecting Segment 9 at MacArthur Highway in Valenzuela City to C-3 Road (5th Avenue) in Caloocan City. Photo from MPIC website

Metro Pacific to spend around P60 billion in 2017

Jan 18, 2017 - 7:00 PM

The P60 billion programmed spending does not include acquisitions and new projects that Metro Pacific may acquire through bidding

The country's top honchos, Manuel V. Pangilinan, Ramon S. Ang, Hans Sy, and Jaime Augusto Zobel de Ayala, come together to sign a Memorandum of Agreement fixing the squabble on the MRT-LRT Common Station deal, Wednesday, January 18, at the Dusit Hotel in Makati City.

MPIC on toll hike petitions: Taxpayers bear brunt

Apr 08, 2016 - 7:30 PM

When the private concessionaires signed an agreement with the government for the operations and maintenance of the expressways they were promised a toll increase

POCKET BRUISING. The delays in toll hike have been hurting the pockets of operators, with a total foregone revenue of over P4 billion as of January 2016. Image from Wikimedia

Toll hike petitions likely be up to the next gov't

Mar 21, 2016 - 10:22 AM

The delays in toll hike have been hurting the pockets of operators with a total foregone revenue of over P4 billion as of January 2016

POCKET BRUISING. The Toll Regulatory Board has not approved a toll fee hike just yet, but petitions were not dismissed

Metro Pacific mulls IPO for hospital business

Oct 03, 2015 - 8:45 AM

The conglomerate has received offers from local and foreign banks to underwrite the maiden offering but it may consider to do so after the 2016 elections

HOSPITAL GROUP. Metro Pacific Investment Corporation's hospital units include the Makati Medical Center and its College of Nursing. Screen grab from Makati Medical Center's online virtual tour

Delayed right-of-way acquisition takes a toll on NLEX Harbor Link

Jul 21, 2015 - 8:00 PM

A toll road from Mindanao Avenue in Quezon City to C3 or 5th Avenue in Caloocan City could be open to motorists by December 2016

ANOTHER DELAYED PROJECT. NLEX's Segment 10 is another infrastructure project being delayed by slow right-of-way acquisition. Photos from Chrisee Dela Paz/Rappler

C-5 link expressway to start work in July

Jun 25, 2015 - 1:48 PM

Once completed it will provide relief to traffic congestion in Parañaque City particularly to the residents of Merville Moonwalk and Multinational villages

Metro Pacific bags Cavite-Laguna project

Jun 08, 2015 - 5:29 PM

The Cavite Laguna expressway is the 10th public private partnership project awarded by the Aquino administration Groundbreaking for the project is eyed in the first half of 2016

MPIC unit evaluates $600M road project in Vietnam

May 13, 2015 - 12:20 PM

The Manuel V Pangilinan led firm says it is studying an offer to pursue a tollroad project in the Southeast Asian country

MPIC buys 45% shares in Vietnam toll road firm

Jan 15, 2015 - 5:42 PM

The transaction marks the Pangilinan led infrastructure giant s second foray outside the Philippines

VIETNAM EXPANSION. Metro Pacific Investments Corporation's exposure in a Vietnamese tollway firm marks its second investment outside the Philippines. Photo from Shutterstock.

MPIC losing over P2B potential revenues

Nov 25, 2014 - 10:49 PM

The Toll Regulatory Board has yet to act on their petition for a toll rate increase pending for years now

Metro Pacific’s tollway unit acquires P103-M stake in Easytrip

Jul 01, 2014 - 3:21 PM

The company bought a 50 plus one share of Egis group’s Easytrip Services in a bid to modernize the electronic toll collection system in the country

MODERN TOLL ROADS. Metro Pacific Tollways Corporation launched the country’s first application of RFID technology dubbed “EasyDrive” at the 14-km Cavitex last month and intends to implement the same along NLEX within the year. File photo by Jay Directo / AFP

Holy Week rush: Traffic along toll roads to go up 30%

Apr 07, 2014 - 6:42 PM

Operators of toll roads going to Northern Luzon provinces expect a surge in vehicle volume next week

File photo

MPIC eyeing toll road projects outside Metro Manila

Mar 03, 2014 - 6:41 PM

One project is a bridge worth P12 billion that will connect Cebu City and Mactan Island

MORE ROADS. Metro Pacific Tollways Corporation wants to expand more roads outside Metro Manila. Photo by Jay Directo/AFP

MPIC eyes to complete 3 toll roads before June 2016

Jan 22, 2014 - 12:17 AM

The group is working on completing 3 toll projects worth P30 billion before the Aquino administration ends its term

GAP-BRIDGING. The Manila North Tollways Corp. is working to complete 3 toll roads by 2016. Photo by Jay Directo/AFP

MPIC asks gov't to hasten SCTEx turnover

Jan 21, 2014 - 7:39 PM

The Manuel V Pangilinan led company says its takeover of SCTEx will pave the way for its seamless connection to NLEx

FASTER TURNOVER. The MNTC and MPTC would like the SCTEX agreement to be implemented faster.

Demand for utilities dampened by flooding

Aug 10, 2012 - 8:50 AM

Demand for water and electricity as well as use of tollroads temporarily decreased during the flooding that swamped half of Metro Manila