MTTC undertakes Scitex

Manila, Philippines - Manila North Tollway Corp. (MNC) from Metro Pacific Investments Corp. Unit (MSIC) by the Subic-Clark-Tarlac expressway (SCTex) work after the end of the Toll Operation Certificate (TOC) from the government.
In addition to disclosure of the Philippine Stock Exchange said yesterday MSIC MNTC got TOC cover operation and maintenance fees SCTex Regulatory Board on 23 October.
MNTC awarded for the management, operation and maintenance of 94 kilometers SCTex crossed Bataan, Pampanga and Tarlac provinces during the January contract pricing challenge.
Operational and functional MNTC arrangement conveys a right to control and manage SCTex 33 years and BCDA be exempt from paying the P34 billion debt of Japan International Cooperation Agency to build a highway.
To challenge price MNTC offered a cash amount of P3.5 billion, including 12 percent value-added tax BCDA except 50-50 gross income.
MNTC The Tollway infrastructure giant hand MSIC is the North Luzon Expressway concessionaire.
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In Tollway, MSIC involved in other businesses, such as health care, manufacturing and distribution of electricity and water utility.
"Our team looks forward to world class and seamless transfer NLEx SCTex our drivers are implemented. We remain committed to providing a safe, comfortable journey to our drivers," Ramoncito Fernandez, the parent company MNTC FIC Metro Pacific Tollway Corp. the president said.
He added that the contract continues to consolidate its leading Metro Pacific Philippines toll industry.