MPT Asia Projects Make Major Strides
by Junne Grajales
Our toll roads expansion in the ASEAN region, through investments in Indonesia’s PT Nusantara Infrastructure Tbk (NI) and Vietnam’s Ho Chi Minh City Infrastructure Bridges and Road Investment Joint Stock Company (CII B&R), is part of our unyielding mission to provide a widening road network beyond the borders of the Philippines.
“Our goal is for MPTC to participate and support the need for infrastructure in other developing nations in Southeast Asia, in line with the increasing demand for mobility, particularly in emerging countries. Through our investments in NI and CII B&R, we also intend to help strengthen the MPTC brand in the region,” said MPTC Chief Business Development Officer Francis Rojas.
We continue to break barriers and expand our footprints to accelerate development, enhance the safety of motorists, and spur economic growth. Below are project updates of our major investments in our ASEAN partners:
Inauguration of the First Elevated Toll Road in Eastern Indonesia
On March 18, PT Margautama Nusantara (MUN), the toll road subsidiary of NI, virtually inaugurated the new icon of Makassar City: the A.P. Pettarani Elevated Toll Road in Eastern Indonesia.
The 4.3-km-long elevated toll road in the South Sulawesi provincial capital started to operate functionally last March 19.
The construction of this national toll road will build connectivity and significantly impact in addressing traffic congestion. Together with the local government, MUN started this expansion to support the economy and mobility for the growth of Makassar City.
Hanoi Highway Phase 1 Toll Collection
Our Vietnamese associate company, CII B&R, officially started collecting toll fees for the 11-km Hanoi Highway Phase 1 in Ho Chi Minh City last April 1, 2021. The fees collected will be used to pay back the 212 million USD investment into expanding the highway as a part of a Build-Operate-Transfer (BOT) contract with the local government.
The expansion works started 11 years ago, allowing the entire 15-km road to now have the capacity for 16 lanes in total for both directions. The toll plaza has eight lanes with a non-stop Electronic Toll Collection (ETC) system and six manual lanes.
Hanoi Highway begins from the Saigon Bridge and ends at the Tan Van Intersection in the Binh Duong Province.
The toll booths on Hanoi Highway have shut down three years ago, after CII B&R had completely recovered its investment and equity return for another venture that built the new Rach Chiec Bridge, which is considered as one of the areas with the highest traffic in Vietnam.
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