METRO Pacific Tollways Corp. (MPTC) is set to welcome a new president and chief executive officer (CEO) before the end of November.
“[W]e’re looking at within this month to finish the transition once we complete… the orientation period,” said MTC senior executive Arrey Perez, the incoming president of the company.
Perez will succeed Rogelio Singson, who will transition to a role within MPTC’s water business.
Perez, former president of Clark International Airport Corp., said he would prioritize MPTC’s mandate to provide a safer and more convenient tollway service.
“That’s our priority. Of course, it’s all about expanding our business,” he added.
MPTC holds concession rights for the North Luzon Expressway (NLEx), NLEx Connector Road, Subic-Clark Expressway, Manila Cavite Expressway, Cavite Laguna Expressway, and the Cebu Cordova Link Expressway.
MPTC handled 700,000 vehicles per day on average during the pandemic and close to a million vehicles per day pre-pandemic.
The company also has investments in Indonesia via PT Nusantara, whose operations comprise of toll roads, ports, water, and energy generation and distribution; and in Vietnam’s CII Bridges & Roads Investment Joint Stock Co., which is primarily engaged in the construction, development and operations of urban infrastructure.
MPTC has recently accelerated its digital transformation and expanded its business offerings via two new business units: MPT Data Services Inc and MPT Mobility.
MPTC is the tollways infrastructure unit of Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC), an integrated infrastructure company in the Philippines whose parent firm is Hong Kong-based First Pacific Co. Ltd.
MPIC posted a 2023 net income of around P26.4 billion on revenues of P61.3 billion.
After a voluntary delisting process that began in August of last year, MPIC was formally delisted from the Philippine Stock Exchange in October 2023.
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