Metro Pacific Tollways Corporation (MPTC) is the tollways branch of investment holding firm Metro Pacific Investments Corporation.
The company has expressed the projected value of its proposed highway initiative this week.
This project’s name is the North Luzon Expressway (NLEX) and Manila-Cavite Expressway (Cavitex) Port Expressway Link.
Luigi Bautista is the president of NLEX Corporation.
Also, he is the general manager of this unit of the MPTC, as per the news posted online by Philippine daily newspaper The Philippine Star.
Bautista shared that the cost of building the proposed expressway is in the neighborhood of P95 billion to P100 billion.
He affirmed that the project is a massive one. Hence, Bautista pointed out that they would divide its construction into phases.
Building the expressway in one go is impossible due to this considerable capital expense, he added.
At this time, the official from the Metro Pacific Investments Corporation unit relayed that they are still going to finalize the cost of the project.
Moreover, this 2020, the MPTC is hoping to secure the green light from the government for the said initiative.
Mark Villar remarked that his bureau is still in the process of assessing the specifics of the NLEX-Cavitex Port Expressway Link venture.
Besides, the incumbent Department of Public Works and Highways (DPWH) secretary pointed out that there are still some added requirements necessary.
Therefore, this scenario makes DPWH unable to give the original proponent status at this point, he said.
The NLEX-Cavitex Port Expressway Link project will have six lanes having the 2X3 configuration.
It is both a tunnel and a raised highway. Also, the NLEX-Cavitex Port Expressway Link initiative starts from NLEX Segment 10. It passes up to Cavitex.
The expressway deal will reportedly give an auspicious truck path directly connected to Port Area in Manila.
Furthermore, the NLEX-Cavitex Port Expressway Link venture will have three portions. First, the Buendia Avenue to Anda Circle section measures 4.6 kilometers.
Second, the C3 Road to Anda Circle portion is 5.7 kilometers in length. Finally, the section from Cavitex to Buendia Avenue measures 4.8 kilometers.
The NLEX-Cavitex Port Expressway Link project aims to diminish truck traffic. This target is within its restricted capability road network.
Besides, the MPTC’s NLEX Corporation views this expressway initiative as a facility that would help in the decongestion of the Metro Manila area for the entire day.
On Friday, February 28, 2020, Metro Pacific Investments Corporation (PSE: MPI) closed at P3.07 per share.
This last trade price of the firm’s stock did not indicate any alterations. Furthermore, the total turnover value reached P182,815,650.00.
The Philippine Stock Exchange recorded the 52-week high of Metro Pacific Investments Corporation at P5.28.
Meanwhile, its 52-week low is at P2.69.
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