New tollway to bring in P30 B revenue for MPTC

Metro Pacific Tollways Corp. (MPTC) is scheduled to sign this week the concession for toll operations in Indonesia, a contract expected to generate around P30 billion in revenue per year.

- ELIJAH FELICE ROSALES

On the sidelines of the opening of an MPTC project in Parañaque City, MPTC chairman Manuel V. Pangilinan said the company will sign this week the concession for its largest tollway outside the Philippines.

MPTC won the bidding for a 35 percent share in PT Jasamarga Transjawa Tol, the operator of a 676-kilometer segment of the Trans-Java Toll.

Once the deal is signed, MPTC will work on the financial closing of the project with Jasamarga. The company will then be able to add to its portfolio an expressway used by at least 800,000 motorists every day.