hits court's ruling
12:01 am | June 03, 2014
Secretary Cesar Purisima on Monday denounced the decision of the
Makati regional trial court directing toll road companies to remit
their collection to Philippine National Construction Corp., instead
of the national government.
RTC Judge Rommel Baybay issued a writ of preliminary injunction
on May 9, 2014, directing Manila North Tollways Corp., Citra Metro
Manila Tolways Corp., South Luzon Tollways Corp. and Maila Toll
Expressway Systems Inc. "to forward the entire amounts to be
remitted by them" under their respective supplemental toll
operation agreements to PNCC.
Baybay injunction order provokes the public to question the integrity
of our courts. I am appalled that Judge Baybay has the gall to contradict
the decisions of the Supreme Court on these issues," Purisima
said the injunction probihited the implementation of the interim
rules and guidelines created by the Toll Regulatory Board and the
Commission on Audit and contradicted earlier decision of the Supreme
interim rules and guidelines, issued in 2012, set the formula for
the net income remittable by PNCC to the national government. The
Supreme Court ruled that after the expiration of PNCC's franchise,
the toll fees collected by PNCC are public funds that "are
merely held in trust by PNCC for the national government."
PNCC's franchise expired on May 1, 2007."
stops Makati court from withholding toll remittances to gov't
B. Dela Pena
12:00 am | August 17, 2014
Philippines - The Supreme Court stopped the Makati regional Trial
Court from implementing an order that probihited the implementation
of the Interim Rules and Guidelines created by the Toll Regulatory
Board (TRB) and the Commission on Audit (COA).
Makati court ruling specifically directed private toll road operators
to remit collections to the Philippine National Construction Corp.,
as provided under their respective Supplemental Toll Operation Agreements
in 2012, the Interim Rules and Guidelines set the formula for the
net income remittable by PNCC through the joint venture companies
to the government.
toll road companies include the Manila North Tollways Corp. (MNTC),
Citra Metro Manila Tollways Corp. (CMMTC), South Luzon Tollways
Corp. (SLTC) and Manila Toll Expressway Systems Inc. (MATES).
lower court's injunction order was in response to a case filed by
businessman Rodolfo Cuenca, an associate of the late president Ferdinand
Marcos and PNCC shareholder, in August last year against the private
toll road operators.
Supreme Court said the issuance of a temporary restraining order
was necessary to protect the government from grave abd irreparable
to the Supreme Court, the ruling deprives the government income
based on government's direct wnership of the said assets.
2009, the Sc ruled that PNCC's toll assets and facilities, including
the net income derived from these toll assets and its share in various
joint venture agreements were automatically turned over to the government
upon the expiration of PNCC's franchise on May 1, 2007.
Supreme Court then directed the Toll Regulatory Board and the Commission
on Audit to finalize the implementing rules and guidelines for determining
the net income remittable by PNCC to the government.
year, the Bureau of Treasury collected almost P800 million worth
of remittances from MNTC, SLTC and CMMTC.
operates the North Luzon Expressway, while CMMTC operates the Skyway,
SLTC and MATES operates South Luzon Expressway.
PNCC finalize toll road tie-up
| January. 19, 2014
Pacific Tollways Corp. (MPTC) and Philippine National Construction
Co. (PNCC) will sign an agreement on Tuesday to formally seal their
partnership for a road project that will link the north and south
portions of Metro Manila.
President Ramoncito Fernandez said in a text message that a signing
ceremony for the joint-venture agreement will take place.
however, pointed out that the Toll Regulatory Board has yet to issue
an amended supplemental toll agreement. "That is the next step,"
the toll road unit of Metro Pacific Investments Corp. (MPIC), submitted
an unsolicited proposal to construct a 13.2-kilometer, four-lane
elevated expressway that will link North Luzon Expressway (NLEX)
and South Luzon Expressway (SLEX) through a connector road. Since
the proposal was unsolicited, it was supposed to undergo a Swiss
challenge, which means the government would have to entertain other
proposals from interested parties and conduct a bidding.
the government decided that MPTC and PNCC, which owns the franchise
for both the NLEX and SLEX, form a joint venture instead, saying
it will be faster to implement the project with less legal implications.
something is moving!
AND SUPPLY By Boo
12:00 am | January 17, 2014
very long last, something is finally moving in this administration
by way of a major infrastructure project. The San Miguel-Citra version
of the connector road will break ground on Thursday next week, Jan.
23, with no less that P-Noy doing the honors.
project had long been awarded by San Miguel-Citra to DMCI but it
took a long while for P-Noy's Cabinet members to sort out a legal
issue over PNCC's participation. It took two opinions from DOJ to
convince Finance Secretary Cesar Purisima to allow the project to
go with PNCC participation.
Marcos decree which remains a law of the land until repealed by
Congress gives PNCC the right to participate in any tollway project
that connects to the original North and South Expressways. Sec.
Purisima was worried, and rightly so, that the loss of PNCC's franchise
affects that right. Apparently, it does not
the San Miguel-Citra connector road, PNCC will earn 2.5 percent
of gross revenues for years one to four, three percent for years
four to seven, 3.5 percent for years seven to 10, and four percent
for years 10 onward. PNCC also gets 10-percent equity for free.
Metro Pacific's connector road, PNCC will get 2.5-percent equity
for free and six percent of gross revenue from day one to 30 years.
now it is full steam ahead for this project. The paperwork was completed
and signed in time for Ramon Ang's birthday last Tuesday.
understand San Miguel-Citra plans to complete the first stage from
Buendia, where the current Skyway ends, to Nagtahan in time for
the APEC meeting in November next year. That will assure a smooth
ride, free of traffic congestion, for visiting heads of state from
the airport to Malacanang.
hear MetroPac has finished commercial negotiations for their version
of the connector road and the ball is now with the Toll Regulatory
Board or TRB. Hopefully, this agency under DOTC will act faster
than the lawyers at head office.
second connector road laso has an aggressive construction schedule.
One segment that links NLEX to MacArthur highway is 2.4 kms long
and costs P1.6 billion with completion middle of this year.
next segment called the Harbor Link is 5.8 kms with total cost of
approximately P10 billion. Hopefull, this segment will start construction
within the second quarter. This segment connects the North and South
Expressways to the Manila port area. The cargo trucks using this
road will help decongest ground traffic in Metro Manila.
of the connector road over PNR right of way can start in July if
all approvals are given within the first quarter with its final
cost to depend on negotiations with PNR. This segment will join
a common alignment with San Miguel-Citra in Plaza Dilao at Paco
seems that Louie Sison and his PNCC crew are on a roll. I understand
that C6, the road that will provide another north to south link
parallel to C5 and EDSA is also ready to be constructed by the same
Citra-San Miguel consortium. All it is waiting for now is the STOA
from TRB. PNCC will get the same deal here from the San Miguel-Citra
consortium as that is prescribed in their connector road project
for Metro Manila.
will go through the lakeshore area of Laguna de Bay passing the
towns of Taguig, Pateros, Pasig crossing Ortigas Ave. Extension,
Valley Golf area and the Batasan area for its first phase. The second
phase will connect C-6 with NLEX at Bocaue via San Jose del Monte.
understand the 15-hectare PNCC property in the reclamation area
at Macapagal Avenue will be jointly developed with a private investor
as a world class recreational area following the no case contribution
formula of PNCC's participation in the tollways projects. This is
a job tailor made for former DTI usec Tito Panlilio who is now a
PNCC director and chair of the JV Nego Committee.
these projects make PNCC a valuable company again. Its share in
the income of these new tollways, at no cost to PNCC, will be substantial
once operations start.
Commission on Audit (COA) should reconsider its opinion of this
GOCC and see it as a going concern again. A favorable COA ruling
will be a basis for a lifting of the trading suspension on PNCC
shares at the PSE. PNCC would be a good bet on the future of the
should consolidate all its holdings at PNCC and use it as its corporate
arm to fast track infrastructure development. Provided PNCC is managed
professionally as it is managed today, it could be a key government
asset. The problem is that past administrators, specially Ate Glue's,
used it as a milking cow of political alies.
they shouldn't have sold PNCC's property in Mandaluyong. They should
have just entered into a joint venture development deal. The commercial
potential of that site was so obvious that its disposition almost
looks like plunder.
finalizes road link deal
12:02 am | Dec. 09, 2013
Metro Pacific Tollways Corp. has finalized the terms of a joint
venture agreement with state-owned Philippine National Construction
Corp. to build and operate the P23-billion road project that will
link two major expressways in Metro Manila.
chief finance Christopher Liz said both parties signed an agreement
in which PNCC would have a 2.5-percent equity interest in the partnership
and a 6-percent share in the gross revenues.
North Tollways Corp., a unit of MPTC, will own a 97.5-percent stake.
said the agreement was still subject to the approval of the Toll
Regulatory Board, which would meet next week to discuss it.
Transportation, Public Works, Finance and Justice departments earlier
agreed to extend the concession between PNCC and MPTC over the connector
road project through a new joint venture.
said once MNTC secured the TRB approval, the joint venture would
be ready to start the construction of the 13-kilometer road project.
project, which will link the North Luzon Expressway and South Luzon
Expressway, is expected to be completed after 24 months. It is designed
to ease traffic congestion in Metro Manila.
said to finance project, MPTC planned to raise fresh funds. Aside
from raising funds through the debt market, Metro Pacific Investments
Corp. chief finance officer David Nicol said MPTC could get a strategic
investor to help in the financing side.
said the company was in talks with prospective investors. He said
most foreign investors were waiting for the outcome of the ongoing
arbitration between Metro Pacific's water subsidiary, Maynila Water
Services, Inc. and the government regarding water rates before making
any investments in the Philippines.
Lizo said traffic along the North Luzon Expressway grew 5 percet
in the first 11 months of the years from a year ago, while the volume
along the Cavite Expressway increased 12 percent year-on-year.
said while traffic along the two major highways reached record levels,
the company was still waiting for the government's approval to raise
tariff rates in the two highways.
said Cavitex had an application to raise rates it filed two years
ago, while NLEX asked for a rate increase at the start of 2013.
reaches agreement on 'connector road' project
10:19 pm | Thursday, December 5th, 2013
Pacific Tollways Corp., the toll-road arm of Metro Pacific Investments
Corp. has concluded successful negotiations with state-run Philippine
National Construction Corp., on a massive elevated toll road linking
the southern and northern arts of Metro Manila, a top executive
Pacific Tollways president Ramoncito Fernandez said in an interview
Thursday that an agreement "in principle" with PNCC has
been reached regarding
its joint venture investment proposal.
The net step would be for the Toll Regulatory Board (TRB) to approve
the investment proposal, which Metro Pacific Tollways hopes would
come before the end of the year.
Obtaining the approval would allow Metro Pacific Tollways to proceed
with construction of the 13-kilometer "connector road"
that would link the company's North Luzon Expressway to the South
Luzon Expressway, operated by rival San Miguel Corp. and the Citra
Group of Indonesia, while easing congested roads in Metro Manila.
"We hope they [TRB] act on it so we can start construction
by the first quarter of next year," Fernandez said.
He said assuming approvals are received on time, they are expecting
to complete the connector-road before President Aquino steps down
PNCC officials did not immediately respond to a request for comment.
TRB spokesman Julius Corpuz said separately that the proposal has
yet to be taken up by TRB board, which is tentatively lookng to
hold its next meeting in the second or third week of this month.
The completion of negotiations with PNCC was viewed as a key step
as the latter holds the franchise for both NLEX and SLEX. Fernandez
earlier said their proposal would use an existing joint venture
Metro Pacific Tollways is considered the country's biggest toll-road
operator with about 64 percent of the country's toll roads under
its management, information on its website showed.
The company operates the 84.96-km North Luzon Expressway and is
still talks with the government, which has yet to complete the turnover
of the 93.7-km Subic-Clark-Tarlac Expressway to the toll road operator.
In the south, it operates the 14-km Manila-Cavite Expressway.
Most of its flagship projects are still located in the north, but
its connector road would bridge the gap between its main assets
and its expansion plans in the south.
PNCC starts talks on P23-b road
12:03 am | November 27, 2013
Philippine National Construction Corp. said Tuesday it started discussion
with Metro Pacific Investment Corp. to form a joint veture for a
new P23-billion road linking the South Luzon Expressway to the North
president and chiel executive Luis Sison said the two parties "are
now nogotiating the terms for the agreement."
an agreement is reached, then we will proceed with the JV,"
Pacific proposed to construct a 13-kilometer connector road for
P22.95 billion. The project is expected to ease traqffic congestion
in Metro Manila.
Transportation, Public Works, Finance and Justice DEpartments earlier
agreed to extend the concession agreement between PNCC and MPIC
for the connector road project through new joint venture.
Pacific, however, asled the government to incorporate the connector
road project to the existing contract between the PNCC and PIC which
is said would make the toll rates lower.
Pacific is the majority owner of Manila North Tollways Corp.
Metro Pacific chairman Manuel Pangilinan said the company would
likely submit a bid for the P64.9-billion Light Rail Transit 1 Cavite
Extension project, following improvement in the terms of the concession
we're looking at it. We will quite likely to bid for the LRT project,"
Pangilinan told reporters Tuesday at the sidelines of the launching
of the Philippine Business for Environmental Stewardship.
National Economic and Development Authority board on Thursday approvd
the revised terms of the project, which now has a total cost of
P64.9 billion. PNCC
Foundation mounts music workshop culminating activity, May 26
participants of PNCC Foundation's Musical Theater Summer Workshop
will stage their culminating performance on May 26, 3 p.m. at
the Philippine National Construction Corporation (PNCC) Training
Room, PNCC Compound, Reliance St., Mandaluyong.
by theater performers Meliza Reyes and Jake Macapagal the former
lead actors of "Miss Saigon" in Stuttgart, Germany,
classes are free-of-charge and open to the children of PNCC employees.
The workshop ran for five weeks with classes every Monday and
Thursday from 10-12 noon and 2-4 p.m.
workshop participants were a fun mix of pre-schoolers and kids
in their early teens. The age differences were not a hindrance
to the participant's willingness to learn and pursue their interest
in music and theater.
summer workshop was a welcome breather for the former "Miss
Saigon" star. "This is my first time to teach, and I
am really enjoying it. It's nice to share what I know, especially
to young kids, who are eager to learn," she explained.
played "Kim" in the Germany production of "Miss
Saigon." She lived in Germany for three years, and then moved
to Las Vegas with her husband and children. She returned to Manila
in 2003 to resume her theater career. She was in the Cultural
Center of the Philippines (CCP) production of "Himala, the
Musical" (2005), she also played the role of Maria Clara
in Bulwagang Gantimpala's production of "Noli Me Tangere"
(2006). She played the role of Tuptim in the Asian tour of "King
and I." Directed by Bobby Garcia, Meliza performed in China,
Malaysia, Korea and Singapore. The musical was mounted by Broadway
Asia, New York-based production company. Early this year, Meliza
was also in the cast of "Zsa Zsa Zaturnah" which was
staged at the CCP.
the culminating activity, Meliza and Jake's students will perform
songs from "Annie," "Les Miserables," "Joseph
and the Technicolor Dreamcoat" and many more.
is looking forward to conducting more classes in the future. "For
the first batch, participants were all children of PNCC employees.
In the future, the classes will be open to the public," she
music workshop is just one of the many projects of the PNCC Foundation.
The socio-civic arm of the Philippine National Construction Corporation,
the foundation recognizes its responsibility to inspire the youth
while extending assistance to the underprivileged. Established
in 2008, the foundation has initiated three active projects that
focus on education, arts and health.
Foundation Director Rose Bonifacio, the summer music workshop
is designed to expose students to musical concepts. "Studies
show that early exposure of children to music has a lot of benefits.
It enhances skills in math, it also fosters creativity, communication
from the music and theater workshop, the PNCC Foundation also
conducts "English Enhancement Workshop" for public school
implements toll adjustment effective 1 August 2006
Philippine National Construction Corporation (PNCC) is increasing
the toll rates at the South Luzon Expressway (SLEX) effective 12:01
a.m. on Tuesday, August 1, 2006. The increase will only affect
the Alabang - Calamba route, which is currently covered by the toll
franchise of PNCC.
toll fee adjustment has been deferred twice to accomodate government
and public clamor. The increase was supposed to be effective
January 1, 2006 and again last May 15, 2006. The new rates
that will ba taking effect on August 1 were submitted to the Toll
Regulatory Board (TRB) by the PNCC last September 2005.
fee adjustments are provided for under Presidential Decree 1894
(PD 1894) which allows the PNCC an annual increase in its toll prices.
The new rates were computed to accomodate cost increase in
factors affecting the return-on-rate base formula, a method approved
by the TRB in computing for rate adjustment, between the period
July 2004 to June 2005.
factors considered in the computation include the increase of prices
in equipment, property and plant valuation of the tollway; its two-month
average working capital and the deficiency on the actual revenue
versus the computed reenue based on invested capital.
new rates for Class 1 vehicles will be P27 from its present rate
of P21. The rates for Class 2 and 3 vehicles will likewise
be adjusted accordingly. Class 2 vehicles will pay P53 from
P41; while Class 3 vehicles will pay P80 from P62.
this increase in toll fee prices, toll rates at SLEX remain the
lowest among all tollways in the country. HOME
conducts axle load testing along SLEX to establish road specification
South Luzon Tollway Corporation (SLTC), the joint venture company
of south tollway operator PNCC and their Malaysian partners for
the SLEX Rahabilitation Project, MTD Group, has conducted a series
of axle load survey among heavy vehicles along the South Luzon Expressway
(SLEX) for the entire month of March.
axle load survey aims to determine the actual load of the vehicles
running at a certain location of the expressway at a given time
of the day. This is an engineering requirement which will help us
facilitate the specifications of the road when we begin the rehabilitation
of the SLEX,” explains SLTC President Mark A Dumol. “This
will also serve as a traffic survey such that we will determine
the frequency for heavy vehicles running along the SLEX,”
he further informs.
SLTC, it will establish ten (10) survey stations along the stretch
of the SLEX during the five-week survey period. Heavy vehicles like
trucks and trailers will be randomly flagged down and weighed at
will only take several minutes, maximum of 5 minutes per vehicle
and we hope to get the support of our motorists in this activity
in order that we will obtain the necessary data that we need before
we start the construction and rehabilitation of the SLEX,”
Dumol said. HOME