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News & Events

SCTEX BA Turnover of Check

Date Posted : March 03, 2015

Following the signing of the SCTEX Business Agreement, the Manila North Tollways Corporation (MNTC) turned over to Bases Conversion and Development Authority (BCDA) the check valued at P3.5 billion as upfront payment for the management, operation and maintenance of the SCTEX.  Photo shows Metro Pacific Tollways Corporation (MPTC) President and CEO Ramoncito S. Fernandez (3rd from left) handing over the check to BCDA President and CEO Arnel Paciano D. Casanova.  Others in photo are (from left) MNTC Chief Finance Officer Christopher C. Lizo, MNTC President and CEO Rodrigo E. Franco, BCDA Board member Elmar Gomez and BCDA Vice President for Finance Nena D. Radoc.  MNTC is a subsidiary of MPTC.