The BCDA said it was considering selling its remaining stake in the Subic-Clark-Tarlac Expressway (SCTEX) to the MVP Group, but the price should be right for this to be realized.
NEW CLARK CITY - The Bases Conversion and Development Authority on Friday said it was considering selling its remaining stake in the Subic-Clark-Tarlac Expressway to the MVP Group, but the price should be right for this to be realized.According to BCDA President and Chief Executive Officer Joshua Bingcang, the MVP Group, led by tycoon Manuel Pangilinan , formally made the buyout offer through a letter which was copy furnished to the Department of Finance and Malacañang.
Bingcang said the BCDA collected some P2 billion from the SCTEX in 2023, of which P1 billion was used for debt payments, reflecting a net profit of P1 billion.“Traffic is growing continuously, so you do the math — if we have 22 years pa, and then at P1 billion ‘yung profit namin, P22 billion na ‘yun 'di ba , more than the debt,” he told reporters in an interview on the sidelines of the forum.“More kasi kapag P20 billion, puhunan lang ‘yun.
Bases Conversion And Development Authority Subic-Clark-Tarlac Expressway Manuel Pangilinan
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