MANILA, Philippines - The government has accepted the unsolicited proposal of Metro Pacific Tollways Corp. (MPTC) to construct a P17-billion connector road linking the North and South Luzon expressways.
In a disclosure to the Philippine Stock Exchange, MPTC, chaired by businessman Manuel Pangilinan, said that Department of Public Works and Highways Secretary Victor Domingo signed the acceptance of the company's proposal to construct, manage and operate the connector road during the opening ceremony of Segment 8.1 linking NLEX to Mindanao Avenue last Saturday.
But MPTC's proposal is still subject to a Swiss Challenge.
The connector road is a 13.2-kilometer elevated road linking NLEX at C3 to Skyway 1 in Buendia, Makati.
Pangilinan said the project "will provide the efficient transport of people and goods through congested urban areas and reduce travel time between NLEX and SLEX to 20 minutes."
"The project will also provide unrestricted travel flow from the ports to Southern, Central and Northern Luzon; and connect vital international airports and seaports," he added.
The connector road is part of the P38 billion worth of projects that MPTC is planning to undertake over the next 5 years.
Others road projects to be implemented by the company include Segment 9, which involves the construction of 4-lane, 3-kilometer expressway that will connect NLEX to MacArthur highway in Valenzuela City; and Segment 10, which involves construction of a 4-lane, 5-kilometer elevated road from MacArthur Highway to R-10.
Construction of Segments 9 and 10 will cost P10 billion.
MPTC is also in talks with Indonesian firm Citra Marga for possible investment in the P10-billion Skyway Stage 2 project, which will extend the existing Skyway from Bicutan to Alabang in Muntinlupa City.
MPTC holds 67.1% interest in Manila North Tollways Corp., which holds the concession to operate and maintain NLEX.
It also owns 46% of Tollways Management Corp., which operates NLEX for MNTC and has an interim agreement to operate and maintain Subic-Clark-Tarlac Expressway.