NLEx Corp., a unit of Metro Pacific Investments Corp., is set to submit next month an unsolicited proposal to build a P50-billion elevated expressway along Circumferential Road 5, connecting Commonwealth Ave. in Quezon City to Manila-Cavite Toll Expressway or Cavitex.
“We are finalizing the feasibility study. Maybe, we will submit it by July to the Department of Public Works and Highways,” NLEX president and chief executive Rodrigo Franco said.
“Before, it was under TRB [Toll Regulatory Board]. It was an extension of our franchise. Now, it will be unsolicited. But because it will now be unsolicited, we have to refine the study,” he said.
Franco earlier said the company needed to complete first the P8.6-billion NLEx-C5 Link project before undertaking a new elevated expressway along C5 under an unsolicited mode.
The 7.85-kilometer NLEx-C5 Link will start from the end of Segment 8.1 of North Luzon Expressway at Mindanao Ave. and end at Commonwealth Ave. in Quezon City.
The C5 Link aims to decongest Metro Manila as it would provide alternative access to mainline North Luzon Expressway further east of Metro Manila, bypassing Edsa and Balintawak toll plaza.
http://www.thestandard.com.ph/business/biz-plus/240268/mpic-readies-c5-expressway-bid.html
“We are finalizing the feasibility study. Maybe, we will submit it by July to the Department of Public Works and Highways,” NLEX president and chief executive Rodrigo Franco said.
“Before, it was under TRB [Toll Regulatory Board]. It was an extension of our franchise. Now, it will be unsolicited. But because it will now be unsolicited, we have to refine the study,” he said.
Franco earlier said the company needed to complete first the P8.6-billion NLEx-C5 Link project before undertaking a new elevated expressway along C5 under an unsolicited mode.
The 7.85-kilometer NLEx-C5 Link will start from the end of Segment 8.1 of North Luzon Expressway at Mindanao Ave. and end at Commonwealth Ave. in Quezon City.
The C5 Link aims to decongest Metro Manila as it would provide alternative access to mainline North Luzon Expressway further east of Metro Manila, bypassing Edsa and Balintawak toll plaza.
http://www.thestandard.com.ph/business/biz-plus/240268/mpic-readies-c5-expressway-bid.html
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