May 27, 2013

Metro Pacific unit shelves plan to build toll bridge in Cebu

The tollroad unit of infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) has shelved its plan to build a P26-B toll bridge in Cebu amid still low traffic volume in the so-called Queen City of the South but will revive the feasibility study late this year or early next year.

In the meantime, Metro Pacific Tollways Corp. (MPTC) will focus on Luzon tollroads. MPTC’s expansion abroad has been hampered by slow project rollouts in Indonesia and Vietnam. The tollroad firm earlier identified as an investment opportunity Becakayu toll road project in Indonesia, which will connect Jakarta to the eastern part of Bbekasi City.

It will be divided into two sections: the 10.167-kilometer Casablanca to Jaka Sampura and the 10.875-kilometer Jaka Sampura to Marga segment. MPTC is also looking at the six-lane, 98.7-kilometer Dau Giay Phan Thiet Expressway project, the first public-private partnership of Vietnam. - WealthSec