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Metro Pacific, First Philippine Holdings keen on toll projects.

Asia Africa Intelligence Wire

| June 09, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From BusinessWorld (Philippines))

Byline: Ruby Anne M. Rubio and Roulee Jane F. Calayag

First Philippine Holdings Corp. (FPHC) and Metro Pacific Corp. are pursuing ventures in toll operations, attracted by the promise of a boom in the infrastructure sector.

"Metro Pacific and FPHC are keen on tollways projects because infrastructure is the government's focus now. Infrastructure is an artery for growth," said Astro del Castillo, managing director of First Grade Holdings, Inc.

Mylene Mercado, investment analyst at 2tradeasia.com, agrees. She said First Philippine Holdings "is interested in expanding in infrastructure especially now with the …

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