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Old June 21st, 2010, 06:30 AM   #161
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Road to Mati Davao Oriental
by ENGINEER MAE

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Old June 21st, 2010, 12:26 PM   #162
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Let Aquino decide on SLEx toll hike–Palace
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MANILA, Philippines—Malacañang Sunday called for the deferment of the 250-percent increase in tolls at the South Luzon Expressway (SLEx), which would take effect on June 30, the same day as the inauguration of President-elect Benigno Aquino III.

Gary Olivar, deputy presidential spokesperson, said the decision on an increase should be left to the new administration.

“I don’t think there’s any rush for the requested toll increase so, perhaps, it would be better to defer it for the next administration,” Olivar said in Filipino during the weekly Palace radio forum on dzRB.

But Olivar said the Aquino administration should check if the increase was tied to an agreement between the government and the private investor in the toll road project.

If so, he warned that reneging on the agreement would harm the country’s image among foreign investors.

“If the increase is included in an agreement, perhaps it would be difficult to backtrack because we would want to fulfill what we promised in the contract,” he said.

Olivar said that withdrawing from such an agreement “might also affect our future investment requirements” from these investors.

The Toll Regulatory Board (TRB) earlier allowed the South Luzon Tollways Corp. (SLTC), which holds the 25-year concession on the 30-kilometer SLEx, to raise toll rates by 250 percent beginning 12:01 a.m. on June 30.

With the 250-percent increase, private passenger vehicles would be paying P2.73 per kilometer over the current 82 centavos per kilometer.

Aquino had said he would have the TRB decision reviewed, adding “one wonders why the increase is that big.”

Meanwhile, a former economic adviser of President Gloria Macapagal-Arroyo Sunday claimed that MTD Capital Berhad, the Malaysian parent company of SLTC, had already earned close to P10.5 billion in toll revenues since it took over operation of the superhighway four years ago.

Albay Gov. Joey Salceda, who switched his support from the administration to Aquino a few weeks before election day, said this meant that MTD Capital was close to recouping the P11.8 billion it claimed it had poured into the rehabilitation and expansion of the SLEx over the last four years.

Based on 10-percent annual growth in vehicular traffic, Salceda expected MTD Capital to generate a total of P1.08 trillion in total revenues.

“Since it took over in May 2006, the company has been using the toll fees to finance
the rehabilitation of SLEx. At P2.6 billion a year, it has raised roughly P10.5 billion. It’s like being fried in our own oil. This is lutong Macau, a no-brainer for investors,” Salceda said in an e-mail message.

He said he opposed the 250-percent hike in tolls granted to MTD Capital’s local affiliate SLTC because of its impact on public bus operators and truckers, specifically those based in Bicol province.

Salceda said a toll road was not unlike a taxi cab—you pay every time you ride in it. However, a toll road has lower overhead costs than a cab.

“This makes this build-operate-transfer project worse than the contracts signed with independent power producers (IPP),” he said.

He questioned why the government did not consider the interest of motorists before granting the project to MTD Capital and why the toll rates were not fixed from the very start.
http://newsinfo.inquirer.net/inquire...oll-hikePalace
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Old July 6th, 2010, 09:46 AM   #163
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SLEX-Southern Tagalog Arterial Road (STAR) Link

Originally posted by REMORA

The fork. Truck is seen going up to Turbina.


The actual toll booth plaza! We were on our way to Batangas City for a quick bulalo breakfast at A&M Restaurant.


And away we play!!



Gothic house seen on the right southbound looks spooky.


Workers finishing up. When green, this would look like those we see in SCTEX.


Toll plaza just ahead.





I finally go across this bridge to STAR that seemed to take forever to finish.




















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Old July 6th, 2010, 10:29 AM   #164
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just to add... this is the map of the said expressway (taken from wikipedia)...:



the Blue line is the SLEX-STAR link...

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Old July 6th, 2010, 11:06 PM   #165
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Philippine coastal road, North Luzon

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Gateway to Ilocos Norte
by bunNyman0301

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Under Patapat Viaduct

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Old July 8th, 2010, 05:03 PM   #166
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moving forward PHILIPPINES
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Old July 22nd, 2010, 05:36 AM   #167
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Quote:
Originally Posted by dattebayo View Post
I also find it weird if they put signs in filipino.
I totally AGREE!
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Old July 22nd, 2010, 07:00 AM   #168
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moving forward PHILIPPINES
AWESOME! Parang nasa US lang!
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Old July 23rd, 2010, 07:34 AM   #169
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Southern Tagalog Arterial Road

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Originally Posted by fall_17 View Post


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Old July 26th, 2010, 09:00 PM   #170
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I totally AGREE!
I wonder why. Filipino-language signs would be a boon for our drivers which are not exactly English-literate.
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Old July 30th, 2010, 02:22 PM   #171
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Anyway, since people were wondering what a possible bilingual road sign would look like, here's one I made for Exit 12 of the SLEX northbound (the C-5 exit). The font here is Highway Gothic (save for the expressway logo, which is DIN 1451 Engschrift), although I also rendered it in DIN 1451, and it looks nice as well.

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Old July 30th, 2010, 04:25 PM   #172
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Southern Philippines

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Old September 4th, 2010, 09:21 PM   #173
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SUBIC CLARK TARLAC EXPRESSWAY

QUOTE=hakz2007;62826687]as of July 21, 2010













[/QUOTE]
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Old September 9th, 2010, 01:06 PM   #174
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SOUTH EXPRESSWAY AND MANILA SKYWAY
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[IMG]http://farm5.static.flickr.com/4124/4966

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Old September 12th, 2010, 06:43 AM   #175
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QUOTE=TheAvenger;62676395].





































































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Old September 12th, 2010, 07:26 AM   #176
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it looks like Brazil pretty much... nice pictures!
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Old September 12th, 2010, 03:32 PM   #177
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it looks like Brazil pretty much... nice pictures!
thanks,malegi your welcome
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Old September 15th, 2010, 10:13 PM   #178
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MANILA SKYWAY

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Originally Posted by balay_1 View Post
Continuation...


South Station Exit on-off ramps are now finished.





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Originally Posted by anonapinoy View Post
QUOTE=balay_1;63548499]Continuation...(Last na ito)




End of Skyway Stage 1.




-------------
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Old September 24th, 2010, 06:19 PM   #179
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NORTH LUZON EXPRESSWAY

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Old September 25th, 2010, 04:25 AM   #180
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Metro Pacific Tollways eyes P7.5 billion from increase in capital stock
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Stockholders of Metro Pacific Tollways Corp. (MPTC), the infrastructure arm of Pangilinan-led Metro Pacific Investments Corp., on Friday approved the increase in the firm’s authorized capital stock, which will allow it to raise P7.5 billion that will partly finance one of its major projects.

"Stockholders holding more than two-thirds (2/3) of the outstanding capital stock of MPTC approved and ratified the increase in the authorized capital stock of the Company," the firm said in a disclosure to the stock exchange after its annual stockholders’ meeting on Friday.

Stockholders approved the increase in authorized capital stock from 5.4 billion common shares with a par value of P1 per share to 10 billion common shares with a par value of P1 per share and 5.1 billion preferred shares with a par value of one centavo per share.

Manuel V. Pangilinan, MPTC chairman, said the P7.5 billion to be raised from the increase will partly finance its tollroad expansion.

"The principal financing requirement will arise from Segment 9, Segment 10 and also the connector road," Mr. Pangilinan told reporters after the stockholders’ meeting.

Segment 9 is a four-lane, 2.42-kilometer stretch that will connect the North Luzon Expressway (NLEX) to MacArthur Highway in Valenzuela City. It is worth P1.7 billion.

Segment 10, a two-lane, 5.65-kilometer elevated road from MacArthur Highway to Radial Road R-10 needs P6.3 billion while the 13.2-kilometer connector road will link NLEX at C-3 Road to Skyway 1 along South Luzon Expressway in Makati.

MPTC operates the NLEX and the Subic-Clark-Tarlac Expressway.


The company, Mr. Pangilinan also said last Friday, needs to refinance P9 billion in debt within the next six months.

Christopher Daniel C. Lizo, MPTC chief financial officer and treasurer, told reporters the company owed P2.2 billion from multi-national lenders and P7.3 billion from local banks.

Mr. Lizo said the company is still studying how to refinance its obligations given the current low interest rate environment.

Sought for comment, Juan Carlos D. Garcia, investment analyst at 2Trade Asia said: "I think they want to take advantage of low interest rates right now."

"They also want to take advantage of the bullish performance of the stock market to raise additional funds," he added.

With the potential for new capital, Mr. Pangilinan said MPTC is eyeing more stake in Skyway operator Citra Metro Manila Tollways Corp.

"Whatever is available, slowly we are increasing our stake," Mr. Pangilinan said, adding a complete buyout "makes sense."

Late last month, MPTC acquired P51 million worth of equity in Metro Strategic Holdings Inc., which was equivalent to a 0.98% interest in Citra. It now owns about 3% of Citra, but wants to increase this to 30% this year.

"The company is also expanding its portfolio through acquisition of shares in tollroad concessionaires," MPTC President Ramoncito S. Fernandez told reporters.

Asked if the company is interested in private-public partnerships (PPP), the administration’s centerpiece economic program, Mr. Pangilinan said: "Sure, we will take a look at it."

The PPP, a list of some 80 projects to cost nearly P740 billion, include MPTC’s connector road and a "city terminal" for the Diosdado Macapagal International Airport in Pampanga.

But Mr. Fernandez said the government has already acknowledged the company as the proponent for the project.

Mr. Pangilinan said the company wants to expand the Clark airport -- with MPTC focusing on a high-speed railway -- with diversified conglomerate San Miguel Corp. in the next five to 10 years.

Core net income of MPTC rose to P753 million in the first half from P636 million in the previous year.
http://www.bworldonline.com/main/content.php?id=18386
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