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Metro Pacific Investments Corp. Mobilizes initial civil engineering works for the P23.3-billion connection road, in time for the large-scale construction of the said highway in the first half of 2019.
Rodrigo E. Franco, Metro Pacific Tollways President Corp., which sits as chairman of Metro Pacific Tollways Corp., said the company had plans to begin construction of the North-South Luzon Expressway (Nlex-Slex) link road. next year. "We would like to be able to mobilize construction around the fourth quarter and large-scale construction is for the first quarter of 2019," Franco said in an interview in Cebu.
He noted that the acquisition and delivery of rights of way are "in motion".
"The government's deadline is delivery of the first section in the second quarter of next year," he said.
The Connector Road is expected to be an eight-kilometer four-lane elevated toll road connecting the Nlex and Slex highways.
It will extend to the south. from Nlex from the end of segment 10 in C-3 Caloocan City Road to Santa Mesa PUP, Manila and connect to the Skyway Stage 3, and most crossing the PNR railroad.
The project, which has a price of P23 3 billion, including two interchanges at C-3 Road, Caloocan and España, Manila.
Franco stated that his group was eager to exploit the bond market to finance the 16 billion pesos for the construction of the Connector Road.
The Connector Road will be operated by Nlex Corp.
The Metro Pacific Infrastructure Congregation is the largest toll road company in the Philippines. She also has interests in fast track operators in Vietnam, Thailand and Indonesia.
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