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Gov’t ready to sell 50% SCTEx stake to MPTC for at least P20B

By Inquirer - 7 months ago
The Bases Conversion and Development Authority (BCDA) is willing to sell to the Metro Pacific group its 50-percent stake in the country’s longest highway, Subic-Clark-Tarlac Expressway (SCTEx), for more than P20 billion—an amount that will enable the government agency to extinguish debts while registering a windfall. BCDA President and CEO Joshua Bingcang said tycoon Manuel

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