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The NLEX represents the private sector's answer to the government's call, taking on the challenge of replacing the weather-beaten and rapidly deteriorating 30-year old North Luzon Diversion Road with a modern expressway equipped with cutting-edge communications and traffic management systems.

MNTC was formerly owned by the Lopez Group through its infrastructure arm: the First Philippine Infrastructure Development Corporation (FPIDC). MPIC later bought FPIDC, making MPIC the majority owner of MNTC. The other MNTC shareholders are: Egis Projects S.A. of France, reputedly the world's biggest tollways operator; Leighton Asia Ltd. Of Australia, a civil works specialist with an extensive track record in toll road construction; and Philippine National Construction Corporation (PNCC), the state-owned company that holds the franchise for the operation of the expressway.