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:

• five operational projects: New Rach Chiec Bridge project; Phan Rang - Thap Cham Bypass (Phase 1) build-operate-transfer (BOT) project, DT741 road project, Sai Gon 2 Bridge build-transfer project and Rach Mieu Bridge (Phase 1) BOT project.

• two projects under construction: Ha Noi Highway Expansion BOT project and expansion of National Highway 1A BOT project.

• one project in the pipeline, the Binh Trieu 2 Bridge (Part 2 - Phase 2) BOT project.

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.