Biz Buzz: In MPTC-SMC tollway JV, 50:50 is the way to go

The highly anticipated mega tollway venture of Metro Pacific Tollways Corp. (MPTC) and San Miguel Corp. (SMC) may take some time before becoming a reality as both parties are still ironing out their deal.

But one thing is for sure: MPTC wants an equal partnership despite reports about SMC potentially gobbling up a majority stake based on asset size.

“For us, it’s 50-50. That’s a very ideal scenario. It’s a balancing act,” MPTC senior executive Arrey Perez told reporters in Indonesia this week during a media tour.

For now, the incoming president of MPTC said they have yet to conclude the tallying of assets to be included in the joint venture (JV).

Perez, who just joined the company last month, said their partnership would bring synergy in their tollway operations.

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“It’s easier to manage these things when you have both the experience of both big companies,” he said.

MPTC and SMC have been talking about their joint venture since last year, after they inked the deal to build an 88-kilometer toll road in Southern Tagalog.