MNT proposes Philippines expressway revenue share with government

An equal revenue sharing proposal has been presented by Manila North Tollways (MNT) to the Bases Conversion and Development Authority (BCDA) for running the 94km Subic-Clark-Tarlac Expressway in the Philippines. This is the third proposal devised by MNT since the firm secured the contract to operate and manage the Expressway in 2010. MNT has also offered to subsidise the current US$750.42 million (PHP 31bn) debt owed by the Philippines government to the Japan International Cooperation Agency, who provided t
April 12, 2013 Read time: 1 min
An equal revenue sharing proposal has been presented by Manila North Tollways (MNT) to the Bases Conversion and Development Authority (BCDA) for running the 94km Subic-Clark-Tarlac Expressway in the Philippines.

This is the third proposal devised by MNT since the firm secured the contract to operate and manage the Expressway in 2010.

MNT has also offered to subsidise the current US$750.42 million (PHP 31bn) debt owed by the Philippines government to the 2416 Japan International Cooperation Agency, who provided the loan to develop the Expressway.

For more information on companies in this article

Related Content

  • Key infrastructure projects in Philippines receive approval
    October 22, 2014
    In the Philippines the National Economic and Development Authority (NEDA) has authorised 12 public-private partnership (PPP) and other infrastructure projects. However the US$473.5 million North Luzon Expressway-South Luzon Expressway Connector Road project has still to be discussed by NEDA. The board gave its authorisation for the $28.3 million Sen Gil Puyat Avenue-Makati Avenue-Paseo de Roxas vehicles underpass project. The $89.5 million Metro Manila Interchange Construction Project Phase 6 also secured a
    Read More
  • Restart ahead for Nairobi-Mombasa toll road
    May 16, 2025
    Full feasibility study for the US$3.5bn Nairobi to Mombasa toll road is handed over to Kenya National Highways Authority
    Read More
  • New road to connect Manila’s airport in the Philippines
    May 15, 2013
    Plans are in hand in the Philippines to build a new road linking the international airport of capital Manila to the city and to other surrounding highways. The contract for the project was awarded to Optimal Infrastructure Development Inc (OIDI), a subsidiary of local firm San Miguel Corp (SMC). The company will build the new Ninoy Aquino International Airport (NAIA) Expressway in a deal worth some US$387.25 million for the Department of Public Works and Highways. OIDI will carry out the work under the PPP
    Read More
  • Funding sources being sought for Indian highways
    January 25, 2016
    India’s Ministry of Transport and Highways is looking to source loans to help fund highway development. The Japan International Cooperation Agency (JICA) looks set to provide a partial source for the funding required. In all just over US$885 million will be needed to pay for India’s National Highway Development Project (NHDP). The Japan International Cooperation Agency (JICA) has approved a loan of just over $590 million for the Indian Government-run National Highways and Infrastructure Development Corp (NH
    Read More

Highlighted Content