DOF to sell government stake in NLEX operator 0 SHARES Share it! Share TweetBy Chino S. LeycoThe national government will sell its stake in Pangilinan-led Tollways Management Corp. (TMC), the Privatization and Management Office (PMO) announced yesterday. The government’s 20 percent stake in TMC, which operates North Luzon Expressway (NLEX), will be placed on the auction block through the competitive public bidding, the PMO’s paid newspaper advertisement stated. The Caloocan-based TMC, former subsidiary of Metro Pacific Investments Corp., operates NLEX Corp. that manages and maintain the 96-kilometer tollways in northern Luzon. NLEX Corp. is also the builder-concessionaire and operator of 94-kilometer Subic-Clarl-Tarlac Expressway.

Source: Manila Bulletin February 11, 2019 14:01 UTC