MegaProject 987: MPIC submits an unsolicited proposal for a new expressway
- Metro Pacific Investments Corporation (MPIC)
- Metro Pacific Tollways Development Corporation (MPTDC)
This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
NLEX Corp., a subsidiary of Metro Pacific Investments Corp (MPIC), has submitted an unsolicited proposal to the Philippines Department of Public Works and Highways (DPWH) to construct a new expressway that will connect the existing North Luzon Expressway and Manila-Cavite Expressway.
The project is part of the company's PHP130.5 billion (US$2.6 billion) five-year domestic spending plan for its tollways unit.
The 15km expressway will connect NLEX in Metro Manila’s north to Cavite Expressway (Cavitex). The total investment of the expressway is expected to amount to PHP64.42 billion (US$1,275 million).
MPCALA Holdings Inc., a unit of MPIC, earlier submitted an unsolicited proposal to build Cavite-Tagaytay-Batangas Expressway, a 46-kilometer road worth PHP25 billion (US$495 million).
MPIC owns and operates the Cavitex, NLEX and Subic Clark Tarlac Expressway.
As we reported in June 2015, the DPWH awarded MPIC the P55.5-billion (US$1,226 million) Cavite-Laguna Expressway (CALAX) PPP project. MPIC will finance, design, construct, operate and maintain the 47 kilometers close-system toll expressway starting from the existing Cavite Expressway (CAVITEX) and ending at South Luzon Expressway (SLEX) Mamplasan Interchange in Binan, Laguna. This covers the 28.9 km Cavite Section from Kawit to Silang and the 18.1 km Laguna Section from Silang to SLEX.
In June 2017, MPIC submitted to the DPWH a PHP25 billion (US$494 million) unsolicited bid to extend the Cavite Laguna Expressway (CALAX).
In September 2016, DPWH issued a notice of award (NOA) to Metro Pacific Tollways Development Corp. (MPTDC) and its subsidiary Manila North Tollways Corporation (MNTC) for the North Luzon Expressway (NLEx)–South Luzon Expressway (SLEx) Connector Road PPP Project. The NLEx-SLEx Connector Road is seen to de-congest traffic in Metro Manila by providing an alternative to C-5 Road, Epifanio de los Santos Avenue (EDSA), and other major thoroughfares. It is expected to cut the travel time between NLEx and SLEx from more than one hour to about 20 minutes.
In November 2015, the company and Bases Conversion and Development Authority (BCDA) have signed the Subic-Clark-Tarlac Expressway (SCTEX) O&M PPP project.