Expressway PPP in the Philippines enters construction phase
Date
July 07, 2018
Type
Projects
Subtype
Project in construction
Countries
Philippines
Subsectors
Road
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Construction of the Cebu-Cordova Link Expressway (CCCLEX) has commenced, following an official ceremony. The 8km expressway will function as the third bridge between Cebu City and Mactan Island, located in the central region of the Philippines.
Metro Pacific Investments Corp. proposed to build and operate the expressway, signing a public-private partnership (PPP) agreement in April 2016. The estimated total investment required is PHP27.9 billion (US$521.7 million).
List of the country updates
Country updates
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July 02, 2018
IRC consortium cleared for Makati subway PPP
The Government of the Makati City has granted original proponent status to the unsolicited proposal of Philippine Infradev Holdings Inc (former IRC Properties Inc.) to establish and operate...
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June 09, 2018
The PDMF Committee has approved funding for preparation of feasibility studies, project delivery options and structuring, and transaction advisory during the bid process for the project up to financial close
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May 29, 2018
The project has been approved for funding from the Project Development and Monitoring Facility (PDMF) Committee of the Public-Private Partnership Center of the Philippines Public-Private Partnership Center of the Philippines, a government body
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May 29, 2018
The project has been approved for funding from the Project Development and Monitoring Facility (PDMF) Committee
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May 22, 2018
The Bases Conversion and Development Authority has stated publicly that eight groups have purchased bid documents for the tender for the project
