Manila Bulletin reports that the Philippines will see a major expansion in toll roads and PPP highways as the country continues to improve its infrastructure.
Ramoncito S. Fernandez, president and CEO of Metro Pacific Tollways Corporation (MPTC). MPTC is the holding company that has under its wing the Manila North Tollways Corporation (MNTC), the builder and concessionaire of the North Luzon Expressway, and the Tollways Management Corporation (TMC), the operations and maintenance (O&M) operator of both the NLEx and the Subic-Clark-Tarlac Expressway.
A range of new toll road projects are expected including the 13.2km North Luzon-South Luzon Connector, but there are also light rail projects expected to attract PPP investments.
Yet again a developing country sees merit in using private capital to build and run highways and to charge directly for use, funny how so many developed countries find this a big challenge.