Operations and Maintenance
The SCTEX business and operating agreement between the BCDA and the Manila North Tollways Corporation (MNTC), and its holdings companies Metro Pacific Tollways Corporation (MPTC) and Metro Pacific Investments Corporation (MPIC), was signed July 25, 2011. Under the business and operating agreement, MNTC will operate and manage SCTEX for 33 years, while relieving BCDA of the heavy financial burden of paying the P34-billion debt to the Japan International Cooperation Agency (JICA). By virtue of the Agreement, the SCTEX can be considered as having been built at no cost to Government.
Read more about this topic: Subic-Clark-Tarlac Expressway
Famous quotes containing the words operations and/or maintenance:
“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
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