METRO PACIFIC TOLLWAYS Corp. (MPTC), the tollways unit of Metro Pacific Investments Corp. (MPIC), is allocating P35 billion for its capital expenditure (capex) budget this 12 months, primarily for the projects of its subsidiaries, an organization official said.
“P35 billion, most of that’s for the South and for NLEX Corp. Possibly one-third is for NLEX, then for (MPT) South, then one other one-third for other projects,” NLEX Corp. Officer-in-Charge and Chief Finance Officer Maria Theresa O. Wells told reporters last week.
In 2024, MPIC allocated P140 billion for its capex budget, with P28 billion put aside for MPTC.
Expressway operator MPT South Management Corp. previously announced that it will allocate P14 billion for its 2025 capex budget to fund key projects slated for completion next 12 months.
Last week, MPTC unit NLEX Corp. began construction of the P2.2-billion NLEX-C5 Northlink Section 1A.
Section 1A of the NLEX-C5 Northlink Segment 8.2 covers the primary two kilometers of the complete 11.3-kilometer project. This section is predicted to be accomplished by the primary quarter of 2026.
For 2025, MPT South expects a median day by day vehicle count of 344,514, marking a 32.6% increase from the present 259,815.
The completion of MPT South’s expressway network will bring its total road network to 67 kilometers by the tip of 2025 while enhancing connectivity between industrial and industrial hubs and shortening travel time for motorists, the corporate said.
The Governor’s Drive Interchange of the Cavite-Laguna Expressway (CALAX) is among the many projects scheduled for completion in 2025.
MPTC also expects a slight improvement in overall traffic volume, driven by the post-pandemic recovery.
MPIC is certainly one of the three key Philippine units of Hong Kong-based First Pacific Co. Ltd., alongside Philex Mining Corp. and PLDT Inc.
Hastings Holdings, Inc., a unit of PLDT Helpful Trust Fund subsidiary MediaQuest Holdings, Inc., holds a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Ashley Erika O. Jose
