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

  • Vietnam highway project completed by OHL
    September 7, 2017
    Work is now complete on the US$76.3 million highway project providing a key link between the North and the South of Vietnam at Da Nang city. This 13km project was carried out by Spanish contractor OHL, having been awarded in 2014 by Vietnam Expressway Corporation. Financing for the work came from the Japan International Cooperation Agency (JICA). Meanwhile OHL is also building a 544m viaduct over the Lanch Tray River in Vietnam that will provide a new link to the coastal city of Hai Phong.
    Read More
  • Poland's ambitious highway construction plans
    July 10, 2012
    The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
    Read More
  • East End Crossing Project—Availability payment P3 in action
    July 14, 2017
    Indiana exercised its authority to use a P3 contract when it partnered with Kentucky for new bridges across the Ohio River. Barney Allison and John Smolen* explain the groundbreaking availability payment deal. Earlier this year, traffic began rolling over the new tolled Lewis and Clark Bridge spanning the Ohio River from northern Kentucky to southern Indiana. The cable-stayed bridge is part of the award-winning Ohio Bridges Project to untangle traffic within the greater metropolitan area of Louisville, Kent
    Read More
  • Hill & Smith reports strong financial performance
    November 18, 2016
    Hill & Smith Holdings reports a healthy performance for the period 1 July 2016 to 31 October 2016. The firm’s board says that trading has continued to be encouraging and that it expects Group trading performance for the current financial year to be at the top end of market expectations. The group’s results will also benefit from the positive translational impact on its overseas earnings from the recent weakness in Sterling.
    Read More

Highlighted Content