New toll road concession in Indonesia awaits MPTC

Metro Pacific Tollways Corp. (MPTC) expects to land within this month the contract for its largest project outside the Philippines, completing its entry in an expressway used by about 900,000 vehicles every day.

- ELIJAH FELICE ROSALES

MPTC president and CEO Rogelio Singson told reporters the company will add another toll road to its portfolio within the month, as Indonesia will declare it the winner of the bidding for a 35 percent share in PT Jasamarga Transjawa Tol.

"We are just waiting for the final government decision that our group, together with some foreign partners, will be awarded," Singson said.

Jasamarga is the operator of a 676-kilometer portion of the Trans-Java Toll. Once the deal is awarded, MPTC's international business will outvalue its domestic network, as the Trans-Java Toll services around 900,000 vehicles every day.