September 28, 2016 11:29 PM 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 Corp. and Manila North Tollways Corp. Receives Contract to Build an Elevated Toll Connector Road Project

The Metro Pacific group has been awarded the contract to build an elevated toll connector road project that would connect North and South Luzon. Metro Pacific Investments Corp. said Metro Pacific Tollways Development Corp. and its unit Manila North Tollways Corp. have officially received the notice of award for the PHP 23.2 billion North Luzon Expressway (NLEx)-South Luzon Expressway (SLEx) connector road project. The project will not require fresh equity infusion from Metro Pacific Investments Corp. The project involves construction, operation and maintenance of an eight-kilometer four-laned elevated expressway over the Philippine National Railway line between Circumferencial Road 3 in Caloocan City and Metro Manila Skyway Stage 3 that will link NLEx and SLEx. MNTC operates NLEx, while San Miguel Corp. and Indonesia-based Citra group operates SLEx.

Department of Public Works and Highways Awards Road Project to Metro Pacific Tollways Development Corp

The Department of Public Works and Highways (DPWH) award the contract to build an elevated toll connector road project that would connect North and South Luzon. The P23.2-billion project, which involves building an elevated road that would link the North Luzon Expressway (NLEx) with the South Luzon Expressway (SLEx), is set for award to the Metro Pacific Tollways Development Corp. (MPTDC) after it survived a Swiss challenge without any other takers for the unsolicited proposal. The project involves the construction, operation and maintenance of an eight-kilometer, four-lane expressway over the Philippine National Railway line between Circumferential Road 3 in Caloocan City and Metro Manila Skyway Stage 3 that will link NLEx and SLEx, according to the Public- Private Partnership (PPP) Center Web site. Another Metro Pacific unit, the Manila North Tollways Corp. (MNTC) operates NLEx, while San Miguel Corp. and Indonesia-based Citra group operate SLEx. MNTC originally offered to build the connector road in 2010 for PHP 18 billion during the close of the Arroyo administration. It was originally approved by the National Economic and Development Authority Board in 2012, before amended terms for a Swiss challenge was accepted last December. The project saw no counter offers last July, which should have paved the way for the DPWH to proceed with contract award to MPTDC.

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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