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On September 11, 2009, the Corporation has subscribed to 1,449,684 representing 32.22% equity interest in Private Infra Dev Corporation (PIDC) for the Tarlac-Pangasinan-La Union Expressway (TPLEX) Project. TPLEX is an 88-km two lane toll road with a 35-year concession including 5-year contruction period. It costs a total of Php 19.4 billion including the Php 2.9 billion government subsidy. Construction of TPLEX is expected to start on October 2009. |
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