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:
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
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