MANILA – Metro Pacific Investments Corp. (MPIC) said it will continue to pursue the infrastructure project that will integrate the North Luzon Expressway (NLEX) and the Subic-Clark-Tarlac Expressway (SCTEX).
“We’ve made that proposal many years ago so it is something that we support — the integration of NLEX and SCTEX,” MPIC chairman Manuel V. Pangilinan said on Monday.
MPIC’s tollway arm, Manila North Tollways Corp. (MNTC), and the Bases Conversion and Development Authority (BCDA) are looking to sign the integration agreement by February.
“We are having the signing of the integration agreement, it is tentatively scheduled on February 5,” MNTC president Rodrigo Franco said.
Franco said around P600 million will be spent for the integration project, which includes the relocation of the toll plaza, additional toll booths, and the deployment of the electronic payment system.
The integration works will begin immediately after the signing of the agreement.
Franco said MNTC is targeting to complete the NLEX-SCTEX integration by November.
Meanwhile, the firm said it will have to carefully evaluate the offers for the operation and maintenance of the 94-kilometer SCTEX under the Swiss challenge process.
Pangilinan said MNTC has the right to match any offer submitted by the interested groups.
“We have the right to match. I think we will just have to wait for the number and look, consider, and assess it carefully,” he said.
The interested firms include San Miguel Corp. (SMC) and a group represented by the law firm of Aguirre, Abano, Pamfilo, Paras, Pineda, and Agustin.
The interested parties were given until January 30 to submit their bids. The contract is scheduled to be awarded to the winning bidder in March.
The companies will be required to match the P3.5 billion offer made by MNTC, and share 50 percent of the gross toll revenues with the BCDA.
The concession is valid until 2043, and will continue the integration of NLEX and SCTEX.