MPTC to spend P35 B for projects this year

Metro Pacific Tollways Corp. (MPTC) is allocating P35 billion for capital expenditures this year to deliver a number of projects that would boost trade and travel around Luzon.

- By ELIJAH FELICE ROSALES

Maria Theresa Wells, officer in charge of MPTC unit North Luzon Expressway (NLEX) Corp., told reporters that MPTC is bringing down its capex by 30 percent to P35 billion in 2025, from P50 billion last year.

Based on the original guidance, MPTC was supposed to spend just P28 billion for capex in 2024, but the company had to invest more to speed up the completion of select projects.

For 2025, Wells said MPTC would allocate the bulk of its capex for priority projects both in the north and south of Luzon.