August 30, 2016 10:38 AM ET

Construction and Engineering

Company Overview of Metro Pacific Tollways Development Corporation

Company Overview

Metro Pacific Tollways Development Corporation, an investment holding company, manages, constructs, and operates toll facilities and expressways. The company was formerly known as First Philippine Infrastructure Development Corporation. The company was founded in 1994 and is based in Pasig City, Philippines. Metro Pacific Tollways Development Corporation operates as a subsidiary of Metro Pacific Tollways Corp.

3rd Floor Benpres Building

Exchange Road Corner

Meralco Avenue

Ortigas Center

Pasig City,  1605

Philippines

Founded in 1994

Key Executives for Metro Pacific Tollways Development Corporation

Metro Pacific Tollways Development Corporation does not have any Key Executives recorded.

Metro Pacific Tollways Development Corporation Key Developments

Metro Pacific Tollways Development Corporation Announces the Notice of Award for Cebu Cordova Bridge Project

Metro Pacific Tollways Development Corporation has received the Notices of Award from both the City of Cebu and the Municipality of Cordova for the financing, design, construction, implementation, operation and maintenance of an 8.25 km tollroad to be known as the Cebu-Cordova Bridge, subject to compliance with conditions precedent. The Project, which will be implemented through an unincorporated joint venture among the Company, the City of Cebu and Municipality of Cordova, is envisioned to decongest the traffic in the two existing bridges (Marcelo Fernan Bridge and Mandaue Bridge) between Mactan and Cebu, due to the worsening traffic condition in the area. It includes the construction of the connections to Cebu City and Cordova, the main bridge structure, viaduct, causeway, roadway and toll facilities. It is located around 7.5 kilometers south of the Mandaue Bridge and will take off from the Cebu South Coastal Road crossing the Mactan channel to Mactan Island. The Project is estimated to cost not more than PHP 27.9 billion, which includes the construction cost with inflation over a four-year period, the toll facilities and operating system, the right-of-way cost, and financing costs. Funding will be sourced from a combination of loans from local banks and equity contribution. The construction of the project is targeted to start sometime in 2017 and is estimated to be completed by 2020.

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