Metro Pacific secures NLEX-SLEX road project | ABS-CBN

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Metro Pacific secures NLEX-SLEX road project

Metro Pacific secures NLEX-SLEX road project

ABS-CBN News

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MANILA - Metro Pacific Investments Corp. said Tuesday its subsidiary will be awarded the rights to build a toll road connecting the North and South Luzon Expressways after the government did not receive any comparative bids.

The deadline for a challenge to Metro Pacific Tollways Development Corp.'s proposal lapsed on Monday, MPIC told the stock exchange.

The eight-kilometer, P23.2 billion project aims to connect the two main gateways to Metro Manila from the north and south provinces. It also aims to help decongest traffic by providing delivery trucks an alternate route.

Metro Pacific shares were up 1.49 percent to P7.51 in early trading.

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