MPCALA closes on Calax toll road debt

In:

Transport

Region:

Asia-Pacific

By Sean Keating

MPCALA Holdings, a subsidiary of Metro Pacific Investment, signed a PHP24.2 billion ($462 million) 15-year loan to fund the construction of the four-lane 45km Cavite-Laguna Expressway (Calax) toll road in the Philippines on 27 December. HSBC is financial adviser to the sponsor and the lender...

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