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

  • Myanmar expressway project due to commence
    November 16, 2020
    A major Myanmar expressway project is due to commence.
    Read More
  • Kenyan link
    February 14, 2012
    Funding from Japan is helping speed construction of a new bypass in Kenya. The US$190 million grant from the Japanese International Corporation Agency (Jica) will be used for the project to build the 17.5km Southern bypass for the South Coast of Mombasa.
    Read More
  • Wacker Neuson achieve record annual revenue
    March 19, 2012
    German-based construction equipment manufacturer Wacker Neuson is celebrating record annual revenue and earnings.
    Read More
  • Japanese funding for Philippines tunnel project
    January 30, 2017
    A new tunnel project in the Philippines is to be constructed with the help of Japanese funding. The project calls for the building of a new tunnel section connecting the centre of Davao City with its southern tip. Necessary funding for the work is being provided by the Japan International Cooperation Agency (JICA). The official development assistance (ODA) loan being provided by the JICA is worth US$232.74 million. The new Davao City bypass construction project in 2015 will be developed using Japanese exper
    Read More

Highlighted Content