MPTC open to new Vietnam investments

Metro Pacific Tollways Corp. (MPTC) is open to further investments in Vietnam, a market where it has seen positive returns and is currently receiving dividend streams from existing toll operations.

MPTC President and CEO Gilbert Santa Maria expressed willingness to acquire new projects if attractive offers are presented by its affiliate, though the company is not investing in Vietnam at present.

Currently, MPTC holds a 45% stake in its Vietnam affiliate, CII Bridges and Roads Investments JSC (CII B&R), which manages major toll roads in southern Vietnam.

CII B&R is actively involved in the expansion of the nearly $1.6-billion Ho Chi Minh City-Trung Luong-My Thuan Expressway, a project covering about 96 kilometers.

The company has also expressed interest in bidding for other significant infrastructure projects in Vietnam valued at a combined $1.65 billion, such as an elevated road in Dong Nai province and an expansion of National Highway 22.