The P2-billion toll road project that will link the Manila-Cavite Expressway (CAVITEX) to the Cavite–Laguna Expressway (CALAX) project is expected to begin construction late this year or early 2022, the Cavitex Infrastructure Corp. (CIC) said Tuesday.
CIC is a subsidiary of Metro Pacific Tollways Corporation (MPTC) —a unit of Pangilinan-led infrastructure conglomerate Metro Pacific Investments Corp. (MPIC).
“At the moment, I think what is very definite in terms of the extension of the current CAVITEX is our connection to CALAX,” CIC president and general manager Roberto Bontia said at a virtual press conference.
“The construction, hopefully, can start either late this year or early next year, and that is also in anticipation of the completion of CALAX, hopefully, by 2023,” Bontia said.
MPTC chief finance officer Christopher Daniel Lizo said the CAVITE-CALAX connection project is projected to cost around P2 billion.
“We already have a loan facility with Banco de Oro to finance the construction of the CALAX-CAVITEX connection. This is part of the facility we secured also to build the C5-Link,” Lizo said.
The one kilometer elevated toll road project will connect the Kawit segment of CAVITEX to the last interchange of CALAX.
Meanwhile, CIC said that the construction of the 7.7-kilometer CAVITEX C5 Link project is already in full swing.
The P15-billion CAVITEX C5 Link—comprising Segments 2 and 3—is now at 20% completion rate.
Since 2019, C5 Link segment 3A-1 connecting Merville to C5 Road has been operational, while constructions of Segments 3A-2 stretching from E. Rodriguez to Merville, and Segment 2 from Cavitex R1 Interchange to Sucat Interchange are underway.
Construction of Segment 3B from Sucat to E. Rodriguez, according to CIC, is expected to begin in the first quarter of 2022, according to CIC.
Once completed, the Cavitex C5 Link will reduce travel time between Cavitex to Makati and Taguig and vice versa by 30 to 45 minutes.
It is seen to benefit around 50,000 motorists, particularly those coming from Taguig, Makati, Las Pinas, and Pasay. It is also expected that the project would not only ease traffic congestion in these areas but would also spur economic development crucial in the country’s efforts to move towards a new normal.
Aside from the CAVITEX, the MPTC’s tollways portfolio includes the concessions for the Cavite-Laguna Expressway (CALAX), North Luzon Expressway (NLEX), the Subic-Clark Tarlac Expressway (SCTEX), the NLEX Connector Road, and the Cebu-Cordova Link Expressway (CCLEX) in Cebu.—AOL, GMA News
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