Metro Pacific Tollways eyeing investment in Vietnam’s Ho Chi Minh City

Philippines-based Metro Pacific Tollways is mulling offers to invest US$600 million in a project in Vietnam’s Ho Chi Minh City. Metro Pacific Tollways president Ramoncito Fernandez said that the investment would be made through the company’s CII Bridges and Roads Investment Joint Stock Co. (CII B&R). “We are being offered new projects in Vietnam. We are now are evaluating a new project that will connect Ho Chi Minh to outskirts,” said Fernandez, without naming the project. Early this year, Metro Pacific
May 15, 2015 Read time: 2 mins
Philippines-based 3195 Metro Pacific Tollways is mulling offers to invest US$600 million in a project in Vietnam’s Ho Chi Minh City.

Metro Pacific Tollways president Ramoncito Fernandez said that the investment would be made through the company’s CII Bridges and Roads Investment Joint Stock Co. (CII B&R).

“We are being offered new projects in Vietnam. We are now are evaluating a new project that will connect Ho Chi Minh to outskirts,” said Fernandez, without naming the project.

Early this year, Metro Pacific Tollways, part of infrastructure conglomerate 5815 Metro Pacific Investments, made its first investment in Vietnam when it acquired a 45% interest in CII Bridges for $90 million. CII Bridges is involved in road projects in and around Ho Chi Minh, includes 17km of roads carrying 38,000 vehicles per day.

“CII is the right partner that is holding right now a good portfolio of existing roads plus potential projects in their own concession. So we are happy with the partnership and the portfolio it brings with it,” Fernandez said.

MPIC also reported net income in the first quarter 2015 was up 4% to nearly $53.9 million. Net income bounced even higher, reaching 14%, up from $49.3 million to nearly $58.4 million.

MPIC said higher income was due mainly to strong traffic growth on all roads it operates and an increased shareholding in the local Manila North Tollways Corp.
Finance & Funding

For more information on companies in this article

Related Content

  • Wacker Neuson’s record-breaking quarter revenue
    May 10, 2012
    Wacker Neuson Group (WN) achieved its higher ever revenue quarter in the first three months of 2012. The €274million revenue recorded in Q1 2012 was a 29.3% rise on the €211.8million posted over the same period of 2011. “The compact equipment segment and the Americas region were our two strongest growth drivers, reporting revenue gains of 51% and 34% respectively relative to the previous year’s quarter,” said Cem Peksaglam, chief executive of WN. “Our expansion strategies are gaining traction. Despite gene
    Read More
  • A history lesson in private public partnerships
    April 12, 2012
    Michel Démarre gives some historical insights into public-private partnerships conceived to implement urban infrastructure projects, a concept that surprisingly dates back to as early as the 13th century! All over the world today, the role of public authorities in the process of planning and, in most cases, designing, financing and procuring urban roads is paramount. Even for modifications to existing roads, decisions are made by these public authorities (usually after due consultation with the population)
    Read More
  • Deutz forecasts 2014 revenue growth after 2013 was “encouraging year”
    March 20, 2014
    Deutz is forecasting low double-digit revenue growth in 2014 after describing 2013 as an “encouraging year” for the German company. Last year saw improvements in all the diesel engine manufacturer’s key performance figures, despite the sluggish global market. And the company says tipped 2014 revenue growth is likely to be coupled with a moderate improvement in the EBIT margin excluding one-off items, which the firm expects to rise to above 4.0%. In 2013, the Deutz Group received orders worth €1,649.7 mil
    Read More
  • Elevated highway in Vietnam starting construction
    December 12, 2016
    Construction work on a new elevated highway route through Vietnamese conurbation Ho Chi Minh City is commencing. The project involves building a 30.4km stretch of highway, Elevated Road No5, through the busy metropolis and is expected to cost US$785.25 million. The new four lane road will run above National Highway 1A, with the work forming part of a wider project intended to help reduce Ho Chi Minh City’s chronic congestion problems. In all the city’s road transport department plans to construct five of th
    Read More

Highlighted Content