Metro Pacific to issue US$115 million bonds to fund expressway projects
Metro Pacific subsidiary NLEX Corp., owner of several toll road projects in the Philippines, has announced plans to raise an initial PHP6 billion (US$115.38 million) from the sale of fixed rate bonds to refinance maturing debt. The company earlier said its board approved the shelf registration, public offer and issuance of fixed rate peso bonds worth PHP25 billion (US$480.77 million).
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Country news
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March 05, 2018
Second unsolicited proposal for Manila airport redevelopment worth US$3 billion
A joint venture between Megawide Construction Corporation and GMR Infrastructure Limited has submitted a US$3 billion unsolicited proposal to rehabilitate, develop, operate and maintain Ninoy Aquino International Airport (NAIA) in Manila, capital city of the Philippines, for an 18-year period.
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February 15, 2018
US$6.7 billion unsolicited proposal for Manila airport PPP
A consortium consisting of seven of the biggest conglomerates in the Philippines has submitted to the Department of Transportation and the Manila International Airport Authority a proposal to rehabilitate and upgrade the Ninoy Aquino International Airport (NAIA), in Manila. The proposal requires a total investment of PHP350 billion (US$6.7 billion).
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December 15, 2017
ADB provides US$346 M for Karnataka State Highways Improvement III Project
The Asian Development Bank’s (ADB) Board of Directors has approved a US$346 million loan to upgrade highways in the Indian state of Karnataka.
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December 11, 2017
The Philippines' biggest conglomerates keen to upgrade Ninoy Aquino airport
Seven of the Philippines' biggest conglomerates are planning to team up to submit an unsolicited proposal for the development of Ninoy Aquino International Airport (NAIA), which has been dubbed in the past as the world’s worst airport.
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December 05, 2017
Seven bids received for $250 million Clarke International Airport expansion
The Bases Conversion and Development Authority (BCDA) of the Philippines announced today that it has received seven bids for the design, engineering, and construction of the Clark International Airport new terminal building. The estimated cost of this expansion is PHP12.55 billion (US$248 million).
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