Valenzuela City Mayor Rex Gatchalian has asked MNTC
to open two more exits in the villages of Mapulang Lupa and Parada in the coming months to improve traffic.
In arriving at the rating, PhilRatings considered the strong cash flow generation and improved level of operating income of MNTC
, which operates the North Luzon Expressway toll road (NLEX), is also set to begin construction of a PHP2.
will also assume all the debts and liabilities of TMC.
is a subsidiary of Metro Pacific Tollways Corp.
We have several other programs with bus companies," said Rod Franco, president of MNTC
Glen Campos, MNTC
assistant vice president for technical operations management, said all road works along the expressway would be suspended from Oct.
originally plans to finish construction of the NLEX-SLEX Connector Road before President Benigno Aquino III steps down from office by mid-2016.
He further continued, MNTC
can use selected Maybank branches or all of Maybank s 79 branches nationwide to release its check payments.
The board of MNTC
has approved the merger, with MNTC
as the surviving corporation, parent Metro Pacific Investments Corp.
The toll integration project is likely to cost P600 million, which would be carried by MNTC
The merger between MNTC
and TMC will be submitted for approval of the shareholders of MNTC
on November 2016.