Philippines’ Metro Pacific eyes big projects in Vietnam

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highwayPhilippine infrastructure giant Metro Pacific Investments Corp. (MPIC) is looking into expanding to Vietnam with two road projects that are still in the preliminary stages. Ramoncito Fernandez, president of MPIC unit Metro Pacific Tollways Corp., said MPIC and parent firm First Pacific Group of Hong Kong have submitted a bid for Vietnam’s first public private partnership (PPP) project.

The $750-million Dau Giay-Phan Thiet motorway is being undertaken by the Vietnamese government and the World Bank as well as private partner Bitexco Group. The Bitexco Group will hold 60 per cent equity in the project, with the rest coming from the government and other private investors.

“We submitted documents so we will know if we prequalified within the month,” Fernandez said of the 100-kilometer four-lane project linking Ho Chi Minh City and Phan Thiet.

MPIC is also in talks with state-run Cuu Long Infrastructure Development and Management Corp. (Cuu Long CIMP) on a proposal for the expansion of a second toll road project in the northern portion of Ho Chi Minh.

“It is too early to talk about it but we are still hoping there will be positive developments,” he said, adding that the projects will require investments of up to $1 billion.

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Reading Time: 1 minute

Philippine infrastructure giant Metro Pacific Investments Corp. (MPIC) is looking into expanding to Vietnam with two road projects that are still in the preliminary stages. Ramoncito Fernandez, president of MPIC unit Metro Pacific Tollways Corp., said MPIC and parent firm First Pacific Group of Hong Kong have submitted a bid for Vietnam’s first public private partnership (PPP) project.

Reading Time: 1 minute

highwayPhilippine infrastructure giant Metro Pacific Investments Corp. (MPIC) is looking into expanding to Vietnam with two road projects that are still in the preliminary stages. Ramoncito Fernandez, president of MPIC unit Metro Pacific Tollways Corp., said MPIC and parent firm First Pacific Group of Hong Kong have submitted a bid for Vietnam’s first public private partnership (PPP) project.

The $750-million Dau Giay-Phan Thiet motorway is being undertaken by the Vietnamese government and the World Bank as well as private partner Bitexco Group. The Bitexco Group will hold 60 per cent equity in the project, with the rest coming from the government and other private investors.

“We submitted documents so we will know if we prequalified within the month,” Fernandez said of the 100-kilometer four-lane project linking Ho Chi Minh City and Phan Thiet.

MPIC is also in talks with state-run Cuu Long Infrastructure Development and Management Corp. (Cuu Long CIMP) on a proposal for the expansion of a second toll road project in the northern portion of Ho Chi Minh.

“It is too early to talk about it but we are still hoping there will be positive developments,” he said, adding that the projects will require investments of up to $1 billion.

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