INFRASTRUCTURE holding firm Metro Pacific Investments Corp. (MPIC) is confident it will close a deal for a toll road project either in Indonesia or Malaysia before the end of this year, MPIC Chairman Manuel V. Pangilinan said. Pangilinan said last year the group was in talks for the operation of a 100-kilometer tollway project in Indonesia and a 50-kilometer tollway project in Malaysia with domestic partners. But in April this year, Rodrigo Franco, Metro Pacific Tollways Corp. (MPTC) president and chief executive officer, said the deals did not materialize. Its toll road arm MPTC operates the North Luzon Expressway, Subic-Clark-Tarlac Expressway and Cavite Expressway in the Philippines. MPIC’s first half net income jumped 17 percent year-on-year to P7.8 billion driven by the stong performance of its toll road and hospital businesses.

Source: Manila Times November 01, 2017 18:00 UTC