MPIC urged to invest $50M more in Vietnam tollroad projects
Metro Pacific Tollways Corp. may need to invest an additional $50 million to expand the expansion of a project in Ho Chi Minh, Vietnam.
CII Bridges and Roads Investment Joint Stock Co. general director Pham The Chinh said they would ask MPTC to infuse additional capital to fund expansion projects.
MPTC holds a 44.9 percent stake in CII Bridges, which has various road and bridge projects in and around Ho Chi Minh City.
CII operates a number of toll road projects in Vietnam namely Rach Mieu Bridge (Phase 1), Sai Gon 2 Bridge, Phan Rang ? Thap Cham Bypass (Phase 1) and DT741 road project.
MPTC has stakes in Don Muang Tollway Public Co. Ltd., a major toll road operator in Bangkok, Thailand.
In line with its goal to build a pan-ASEAN tollway network, the company is looking at entering Myanmar.