Tollway operator to spend
for digital-venture division

METRO Pacific Tollways Corp. (MPTC) is allotting “less than a billion” in capital expenditures (capex) for its subsidiary MPT Mobility, its digital ventures arm, for 2022.

MPTC President Rodrigo E. Franco said MPT Mobility will use the amount to implement digital projects, the most recent of which is the launch of its mobility app.

“We are looking at budgeting less than a billion pesos for capex for MPT Mobility unless there’s going to be another gas station project that has a bigger capex requirement because that involves, in many cases, land acquisition,” Franco said in a news briefing.

The cost of a gas station project, he noted, is roughly P1 billion.

MPT Mobility is MPTC’s mobility solutions subsidiary that houses all of its non-toll related businesses that leverage digital technologies.

On Thursday, MPTC launched a mobile app that provides users with solutions that enable them to manage their RFID accounts, plan their trips, and ask for roadside assistance.

With the app, motorists can calculate their toll fees and top up their RFID accounts, check the nearest pitstops for dining, gas-ups, and bathroom breaks. It also houses an in-app function for emergencies.

Available for iOS and Android users starting March 1, the app called “MPT DriveHub” will be available for RFID users of MPTC’s network of expressway, namely: North Luzon Expressway; Subic-Clark-Tarlac Expressway; Manila-Cavite Toll Expressway; and, the Cavite-Laguna Expressway on March 1. Soon, the app will also be available for use in the Cebu-Cordova Link Expressway.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Article

PHL bows to New Zealand

Next Article

Smart gears up as official partner of UAAP Season 84

Related Posts

Read more

Apple CEO meets China
exec to talk supply chain

APPLE Inc. Chief Executive Officer Tim Cook met China’s Minister of Commerce Wang Wentao last Monday, underscoring the importance of the relationship between the leading US consumer tech company and its key partner despite heightened tensions between Washington and Beijing.

Read more

Mreit purchase of Megaworld assets OK’d

MREIT Inc., the real estate investment trust of Megaworld Corp., on Monday said it secured approval from the Securities and Exchange Commission (SEC) for the acquisition of four office properties in McKinley West and Iloilo Business Park with a total value of P5.3 billion.