MVP Group aims to be a leading pan-regional tollways player
The group of Metro Pacific Investments Corp. expects to close deals to invest in tollroad projects in Indonesia and Malaysia within the next 12 months.
“We are in Vietnam, Thailand and Philippines now. I am quite optimistic we will have an investment in Indonesia and Malaysia. We hope to close at least one this year and another one next year,” said MPIC chairman Manuel V. Pangilinan.
“We want to eventually build a Pan-Asean tollways group,” he added.
MPIC has a 29.45-percent stake in Don Muang Tollway Public Co. Ltd., a major toll road operator in Bangkok, Thailand.
The concession for DMT runs until 2034 for the operation of a 21.9-kilometer six-lane elevated toll road from central Bangkok to Don Muang International Airport and further to the National Monument.
MPIC through subsidiary Metro Pacific Tollways Corp., owns 44.9 percent of CII Bridges and Roads, which has various road and bridge projects in and around Ho Chi Minh City.
The MPIC group operates the North Luzon Expressway, Subic-Clark-Tarlac Expressway and Manila-Cavite Toll Expressway.