Philippines relaunch the sale of 20% stake in Tollways Management Corporation
The Government of the Philippines through its Privatisation and Management Office (PMO) has relaunched the sale of its 20% shares in Tollways Management Corporation (TMC). The deadline to submit the bids for the stake is March 16, 2020.
PMO has invited prospective bidders for the sale of its 76,000 common shares in TMC for at least PHP2.6 billion (US$49.95 million).
TMC operates and maintains toll roads in major expressways in the capital region. It is a unit of NLEx Corp, a subsidiary of Metro Pacific Tollways Corp. NLEx Corp. is the builder-concessionaire and operator of North Luzon Expressway and Subic-Clark-Tarlac Expressway.
Country updates
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December 23, 2019
KKR and GIC complete investment in Metro Pacific Hospitals
Kohlberg Kravis Roberts & Co. (KKR) and GIC Private Ltd. have completed an investment of PHP 35.3 billion (US$ 0.69 billion) in the hospital unit of Metro Pacific Investments Corp. Metro Pa...
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December 20, 2019
$3.5bn Metro project in the Philippines to begin construction
The Makati City Subway Project in Manila has secured an environmental clearance from the Department of Environmental and Natural Resources (DENR) in the Philippines. The project developers are expecti...
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December 02, 2019
Deadline extended in USD10bn airport tender in the Philippines
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November 29, 2019
ADB launches tender for PPP consultancy services
Asian Development Bank has launched a tender for interested firms to deliver technical consultancy services with expertise in Energy/Power, Solar, and Batteries under the Public-Private Partnership (P...
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November 12, 2019
National Economic and Development Authority approves revised list of 100 infrastructure projects in the Philippines
The Investment Coordination Committee-Cabinet Committee (ICC-CC) and the Committee on Infrastructure (INFRACOM) in the Philippines has approved a revised list of 100 infrastructure flagship projects (...
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