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The tollway unit of Metro Pacific Investments Corp. plans to form a joint venture company with San Miguel Corp. to build expressways, a top executive said Tuesday.
“It will be a significant company, and I hope we can persuade Ramon to create a significant liquidity for that particular company,” he said.MPTC and SMC signed in August a P72-billion deal to construct two expressways south of Metro Manila. The MPTC Group has 240.6 kilometers of existing expressways and 43.1 kilometers under construction, with a total investment of $3.06 billion.
SMC’s expressways includes the Tarlac-Pangasinan-La Union Expressway , the Southern Tagalog Arterial Road , South Luzon Expressway , the Skyway System and the NAIA Expressway .
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