Philippines-based Metro Pacific Investments Corporation (MPIC) has formed a JV with FPM Infrastructure Holdings Limited to acquire a 29.45 per cent stake in Thailand’s Don Muang Tollway Public Company Limited for PhP 5.8 billion. The tollway company operates a 21.9 km elevated road in Bangkok under a concession period of 27 years ending 2034. Other major investors in Don Muang Tollway are the Phanichewa Group and Thailand’s Ministry of Finance.