MPTC earmarks P45-billion capex for this year
METRO PACIFIC Tollways Corp. (MPTC) plans to earmark P45 billion for capital expenditures (capex) this year as it accelerates construction of five toll road projects.
‘Most modern’ Cavite-Laguna road link secures P24.2-B loan
The construction of the 45-kilometer Cavite-Laguna Expressway (CalaEx) is expected to gain speed as its private sector concessionaire sealed a crucial loan deal.
Metro Pacific secures P24-billion loan for Cavite-Laguna expressway
“Some sections ahead, some sections delayed. We’re opening Sections 6 to 8, which is from Mamplasan to Sta. Rosa, July.
MPTC confident on C-5 South Link progress
“The right-of-way issue with MIAA (Manila International Airport Authority) has been resolved. Contractually they have to finish it by June but we said we can fasttrack it,”
C5-South Link Expressway on track for 2019 completion–MPT South
The construction of the first phase of the P10-billion C5-South Link Expressway is on track to meet its scheduled completion set for the first quarter of 2019…
MPTC secures P25 billion funding for CALAx
MANILA, Philippines — Metro Pacific Tollways Corp. (MPTC), the tollway arm of conglomerate Metro Pacific Investments Corp.
Manila to Tagaytay in 1 Hour? Metro Pacific Moves Closer to Gov’t Deal to Build Php25-B Toll Road
Metro Pacific Tollways South Corp. (MPT South) has won original proponent status for its unsolicited proposal to build a 50.42-kilometer expressway that aims to decongest existing roads to Tagaytay City…
MPT South declared Original proponent for Cavite Tagaytay Batangas Expressway
From left to right: Brgy. Captain of Silang Cavite, Romeo Toledo, Usec. Catalina Cabral, Mayor Omil Poblete, Sec. Mark Villar, Mr Luigi L. Bautista, Mr. Jeffrey Ng, Atty. Ronald Uy, and Mr. Christopher C. Lizo.
Silang, Cavite – The Department of Public Works and Highways (DPWH) Secretary Mark Villar awarded the Original Proponent Status of the Cavite-Tagaytay-Batangas (CTBEX) to the Metro Pacific Tollways South, a business unit of Metro Pacific Tollways Corporation, a subsidiary of the Metro Pacific Investments Corporation. It was in July of 2017 that MPT South submitted the proposal to DPWH with the objective of reducing travel time of motorists going to Tagaytay and Nasugbu from Manila and vice versa. CTBEX will connect seamlessly with the Cavite-Laguna and Cavitex Expressways of MPTC and will reduce vehicle operating costs, improve communities through employment and income growth from land development and improve urban setting, as well as increase tourist visits to the municipalities which will be traversed by the alignment.
“We are glad to award the original proponent status to MPT South, their commitment to nation-building is commendable. CTBEX will decongest approximately 23,000 vehicles daily from existing thoroughfares. Moreover, with CTBEX, travel will be seamless via MPT South’s network of tollroads. Mapping out the routes, access to region 4A may start from C5-Southlink in Taguig connecting to CAVITEX, CALAEX then CTBEX and from Manila via CAVITEX, CALAEX then CTBEX. Our doors are open to any developer with viable proposals, after all, now is the golden age of infrastructure as we find more routes that pave the progress of our Nation.” Said Secretary Mark Villar.
The project is expected to provide congestion relief to Aguinaldo Highway and Tagaytay Nasugbu road, where traffic is expected to grow by 4% annually over the next decade. Travel time will be shortened in 2 major routes namely Governor’s Drive to Nasugbu, where the usual 1 hour and 42 mins will be reduced to 44 mins, equivalent to 56% time savings, and the Sta. Rosa to Tagaytay Route, where the usual travel of 2 hours will be reduced to 46 minutes, equivalent to 62% time savings. Also, vehicle operating cost for Class 1 vehicles will decrease by 12% on opening year due to the shortened travel time.
The 50.42 km CTBEX that will connect from the West of Silang East Interchange of the Cavite Laguna Expressway (CALAEX) will pass through Silang, Pook, Amadeo, Tagaytay, Mendez, Alfonso, Magallanes, Tuy and Nasugbu. It will have 8 main interchanges (Silang East, Pook,
Aguinaldo, Amadeo, Mendez, Alfonso, Magallanes, Nasugbu), and two spur roads (Tagaytay and Tuy), and is estimated to cost P22 Billion including right of way.
“Our objective in proposing this road is connectivity, providing thousands of motorists an alternative route to and from region 4A. It is a sensible connection to CALAEX, as both alignments will decongest traffic in Cavite, Laguna and Batangas. More so, it will spur jobs generation brought about by tourism, trade and commerce. This awarding of the Original Proponent status of CTBEX is just the beginning, we are cognizant that this proposal will still be subject to NEDA approval, successful negotiation with DPWH on the terms of the concession and lastly, a Swiss challenge; all of which should be completed by the 2nd quarter of 2019, and subject to the acquisition of the right of way, 2020 is the target date of construction ” said Luigi Bautista, President and CEO of Metro Pacific Tollways South. “Once completed, CTBEX will be the preferred route for motorists going to Tagaytay and Nasugbu from Manila and vice versa as this will seamlessly connect to CALAEX and CAVITEX”, added Mr. Bautista.
MPT South Corporation is currently constructing the Cavite Laguna Expressway which will connect to Cavitex and the C5-Southlink that will enable transfers from Laguna, Cavite, Manila, Las Piñas, Parañaque and Taguig to be seamless.
For more inquiries about this Press Release please contact:
Arlette V. Capistrano
Assistant Vice President
Communication and Stakeholder Management
MPT South Management Corporation
+639985975130
mvcapistrano@mptsouth.com
P800-M Cavitex enhancement almost finished
The P800-million enhancement of the Manila-Cavite Expressway’s (Cavitex) will be completed by end of this July or early August, J. Luigi L. Bautista, President and CEO of proponent Cavite Infrastructure Corporation (CIC) announced during yesterday’s project inspection.
Department of Public Works and Highways (DPWH) Secretary Mark Villar, inspected the ongoing construction of a flyover on the southbound lane, and road widening on both directions of the expressway.
“Cavitex, being the gateway to the Cavite, Laguna and Batangas provinces, responds to the challenges of progress,” he noted.
“More cars pass Cavitex year on year, a sign that Region 4A continues to boom, and is likely to become a highly progressive and viable area for more investments. The various enhancement projects in Cavitex will improve travel time here by around 20 to 30 minutes,” according to the DPWH secretary.
The Cavitex enhancement project aims to ease traffic in the area and respond to the traffic congestion being experienced by motorists.
The decongestion strategy of CIC comes in two phases.
The first phase costs about P400 million and covers the road widening from MIAA to Zapote, as well as the Southbound Flyover on the intersection of Pacific Avenue.
The second phase, worth about the same, consists of the bridge widening at the Wawa, Las Piñas area.
“These enhancement projects started late last year and were slated to finish by August 2018, but we will complete them within July 2018,” Bautista explained.
“On top of these, we are also adding 15 tollbooths – 3 on the northbound direction, 2 on the southbound direction, and 5 portable booths each on the north and south sides of the Parañaque toll plaza. This will effectively double our throughput capacity.”
“About 140,000 cars pass Cavitex at different periods of the day and we would like each one of them to have a good experience to take with them afterperiods of the day, and we would like each one of them to have a good experience to take with them after passing our expressway,” the CIC President added.
The Cavitex is the start of a road network being expanded by the Metro Pacific Tollways South, a subsidiary of the Metro Pacific Tollways Corporation.
It will connect to the 45 kilometer Cavite-Laguna Expressway until Mamplasan, Biñan, Laguna, giving motorists more travel options.
Source: https://business.mb.com.ph/2018/06/05/p800-m-cavitex-enhancement-almost-finished/