Giant toll road operator Metro Pacific Tollways Corp. (MPTC) said that its P8-billion target revenues for 2013 is on track, driven by the increase of traffic at the Manila Cavite Toll Expressway (Cavitex).
“Ah, on track [target revenues for 2013]because of Cavitex, so pinalitan ni Cavitex iyong nawala kay SLEX [What was lose from South Luzon Expressway was replaced by Cavitex],” said Christopher Lizo, chief financial officer of MPTC.
In 2012, the company saw an increase toll revenues by 5 percent to P6.78 billion from P6.46 billion in 2011.
For the first six months of 2013, MPTC recorded toll revenues of P4.1 billion from P3.42 billion for an increase of 20 percent.
MPTC is operating 64 percent of the toll roads in the Philippines including the Cavitex, Subic-Clark-Tarlac Expressway, and the North Luzon Expressway (NLEX).
P3-B for NLEX
Meanwhile, the Manila North Tollways Corp. (MNTC), a unit of MPTC, is raising P3 billion through a bilateral loan, a bank loan and insurance loan to finance the construction of Segment 10 of the NLEX next year.
“Partially were raising P3 billion out of the P10 billion [required], said Christopher Lizo, chief finance officer of MPTC.
Rosalie C. Periabras