During the groundbreaking ceremonies of the R-10 Section of the Harbor Link, Metro Pacific Tollways Corp. President Rodrigo E. Franco said his group is ready to invest the amount to finish the alignment, which is vital to the completion of Segment 10.
“This section will complete the Harbor Link project. It is a short 2.6-km section that is very critical, for this section will bring NLEx closer to the port areas,” he said. “We have committed to invest approximately P6 billion in this project, which will enhance mobility and improve convenience.”
The R-10 section is the continuation of the 5.7-km Segment 10, an elevated expressway passing through MacArthur Highway in Valenzuela City, Governor Pascual Avenue in Malabon City and C3 Road/5th Avenue in Caloocan City.
The section will have two exit ramps: one in Navotas, and another one in Malabon. “Hence, two cities are added to the Nlex map. The project is expected to be completed by the fourth quarter of next year,” Franco added.
Franco said the project will “greatly enhance the flow of trade and commerce by directly connecting the northern regions to the ports”.
Public Works Secretary Mark A. Villar agreed, saying it will help spur growth in the economies of the Camanava area and the provinces in Central and Northern Luzon.
“It is expected to improve transport logistics and drive business investments in the Camanava and the Central and North Luzon provinces,” he said.
Villar added the completion of the whole Harbor Link project is a necessity to decongest major thoroughfares in Metro Manila.
“More than an initial 20,000 vehicles will be reduced from the traffic. We cannot widen Edsa, so this is a good alternative,” he said.
The Harbor Link’s R-10 section is designed to provide direct access between the port area and the northern provinces of Luzon via Nlex. It will decongest Metro Manila by offering an alternative entry to the Nlex, bypassing Edsa and other busy streets of Manila.
“With the completion of the Harbor Link project, we expect a significant contribution of the Nlex system to the Philippine economy,” Franco said.
Metro Pacific is set to spend P130.5 billion in the next five years to build toll roads and highways around the country. Currently, it has the largest network of thoroughfares in the Philippines.
The company also has interests in toll-road companies in Thailand and Vietnam, as it is “continuing to look for other investment opportunities in the region”.
http://www.businessmirror.com.ph/metro-pacific-allots-p6-billion-to-complete-segment-10-of-nlex-harbor-link/
No comments:
Post a Comment