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October 05, 2015 2:30 PM ET

Transportation Infrastructure

Company Overview of Metro Pacific Tollways Corp.

Company Overview

Metro Pacific Tollways Corporation, an investment holding company, engages in the tollways business activities in the Philippines. It primarily operates North Luzon Expressway, Subic-Clark-Tarlac Expressway, and Manila Cavite Toll Expressway toll road facilities. The company was formerly known as First Philippine Infrastructure, Inc. and changed its name to Metro Pacific Tollways Corporation in February 2009. Metro Pacific Tollways Corporation was incorporated in 1970 and is based in Makati City, the Philippines. Metro Pacific Tollways Corporation is a subsidiary of Metro Pacific Investments Corporation.

MGO Building

10th Floor

Legaspi Corner Dela Rosa Streets

Legaspi Village

Makati City,  0721


Founded in 1970


63 2 888 0888


63 2 888 0813

Key Executives for Metro Pacific Tollways Corp.

Chief Executive Officer, President and Director
Age: 59
Chief Finance officer, Chief Risk officer, Treasurer, Compliance officer and Director
Age: 41
Corporate Information Officer
Age: 51
Corporate Secretary and Director
Age: 62
Assistant Corporate Secretary
Age: 46
Compensation as of Fiscal Year 2015.

Metro Pacific Tollways Corp. Key Developments

Metro Pacific Tollways Corporation Announces Unaudited Earnings Results for the Six Months Ended June 30, 2015

Metro Pacific Tollways Corporation announced unaudited earnings results for the six months ended June 30, 2015. For the six months, the company reported core net income of PHP 1.2 billion was 7% higher than a year earlier as a result of strong traffic growth and increased shareholding in the NLEX.

Metro Pacific Tollways Corp. Reports Earnings Results for the Year Ended December 31, 2014

Metro Pacific Tollways Corp. reported earnings results for the year ended December 31, 2014. The company's core net income of PHP 2.2 billion for the period was 10% higher than a year earlier as a result of strong traffic growth and increased shareholding in the NLEX.

Metro Pacific Investments Seeking To Sell Stake In Metro Pacific Tollways

Metro Pacific Investments Corporation (PSE:MPI) is seeking to sell Stake in Metro Pacific Tollways Corp. Metro Pacific Investments Corp. is set to restart the process of taking in a foreign strategic partner in Metro Pacific Tollways Corp. this year. Ramoncito Fernandez, President of Metro Pacific Tollways Corp., said that the company is reviving plans to sell a 20% in Metro Pacific Tollways Corp. preferably to a foreign strategic investor to help firm up efforts to pursue more infrastructure projects this year. Fernandez said plans to sell a 20% in Metro Pacific Tollways Corp. was put on hold last year but would now be revived after the Metro Pacific Investments Corp. unit was finally awarded the concession for the 94-kilometer Subic – Clark – Tarlac expressway. The Metro Pacific Investments Corp. unit is looking at raising as much as PHP 70 billion from the transaction.

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