The toll-road arm of Metro Pacific Investments Corp. (MPIC), Manila North Tollways Corp. (MNTC), has taken control of the Subic-Clark-Tarlac Expressway (SCTEX), capping years of challenges to its concession agreement.
In a disclosure to the Philippines Stock Exchange on Tuesday MPIC announced that the Toll Regulatory Board last Friday gave MNTC a Toll Operation Certificate (TOC) that allowed them to operate and maintain the 93.77 kilometer expressway running from Subic to Tarlac.
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