Ayala : MOA on interoperability of MCX and SLEX signed today
July 21, 2015 at 12:22 am EDT
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Press Release
MOA on interoperability of MCX and SLEX signed today
July 21, 2015
Ayala Corporation, its 80%-owned subsidiary MCX Tollway Inc. (MCXI), South Luzon Tollway Corporation (SLTC), and Manila Toll Expressway Systems Inc. (MATES) today signed a Memorandum of Agreement on the Interoperability of the Muntinlupa-Cavite Expressway (MCX) (formerly known as the Daang Hari-SLEX Connector Road) and the South Luzon Expressway (SLEX), as well as an accompanying Addendum to the MOA on Interoperability.
The MOA on Interoperability and its Addendum provide the framework that will govern the interface and integration of the technical operations and toll collection systems between MCX and SLEX to ensure seamless travel access into MCX and SLEX for road users. MCX is Ayala's first toll road project under the Philippine government's Public Private Partnership Program. It is a vital access road that links the rapidly growing city of Muntinlupa and the province of Cavite to Metro Manila and the rest of Southern Luzon.
MCXI, which is 80% owned by Ayala and 20% by Getinsa Ingeniera SL, is the facility operator of the MCX. SLTC is a subsidiary of San Miguel Corporation and is the grantee of the concession to finance, design and construct the SLEX, while MATES is the grantee of the concession to operate the SLEX.
MATES and MCXI also executed today a Toll Collection Services Agreement, under which MATES was appointed a sub-contractor of MCXI for the provision of toll collection services for the MCX toll plaza.
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Ayala Corporation is a Philippines-based holding company. The Companyâs business activities are divided into real estate and hotels, financial services, telecommunications, water, infrastructure, industrial technologies and automotives, power, healthcare, business process, outsourcing, air charter, consulting services, investment holdings, agriculture, and technology services. Its business units include Parent Company, Real estate and hotels, Financial services and insurance, Telecommunications, Industrial Technologies, Power, and Automotive and Others. Real estate and hotels business unit is engaged in planning and development of fully integrated mixed-used communities. Financial services and insurance business unit is engaged in commercial banking operations with expanded banking license. Telecommunications business unit provider of digital wireless communications services, domestic and international long distance communication services or carrier services, and others.
AYALA CORPORATION 
