Metro Pacific Tollways Corporation (MPTC), the toll road unit of Metro Pacific Investments Corp (MPIC), has completed its investment in Vietnamese CII Bridges and Roads Investment Joint Stock Company (CII B&R).
MPTC now holds a significant minority equity interest equal to about 45% of the outstanding capital of CII B&R through a combination of purchase of CII B&R secondary shares from Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII), and subscription to VND-denominated bonds issued by CII, which are exchangeable into secondary shares in CII B&R.
CII B&R, one of the largest private infrastructure development firms in Vietnam, is a toll road company located in Ho Chi Minh City. The firm has a 123 km road portfolio that includes eight toll road and bridge projects.
The company has a total of:
Yesterday we reported that MPIC was among the companies shortlisted for Philippine's bundled airports PPP projects, which is divided into two bundles: Package A, which includes Iloilo and Bacolod-Silay airports, and Package B, which includes the Davao, Laguindingan, and New Bohol (Panglao) airports.