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MPI’s MNTC set to take over SCTEX

03 Feb

BY UNICAPITAL SECURITIES

The tollway unit of infrastructure giant Metro Pacific Investments Corporation’s (MPI) is set to finally take over the 94-kilometer SubicClark-Tarlac (SCTEX) expressway within the month after interested companies led by diversified conglomerate San Miguel Corp. (SMC) backed out from a price challenge.

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Rodrigo Franco, president of MPIC’s Manila North Tollways Corp. (MNTC), said the company is looking at taking over the operations and maintenance of SCTEX later this month after the Bases Conversion and Development Authority (BCDA) did not receive any proposal for the “Swiss Challenge” of the toll road.

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Posted by on February 3, 2015 in Corporate News, MPI, Stock Market

 

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