METRO PACIFIC Tollways South Corp. (MPTSC) is set to spend about P700 million to enhance the Cavite Expressway (Cavitex) with the aim of reducing congestion.
“We have this Cavitex enhancement project. It has three components,” MPTSC President Luigi L. Bautista told reporters in an interview.
Mr. Bautista said the project will involve additional lanes, a flyover, and road improvements in the area of Pacific Drive, and that the MPTSC has submitted the plan for evaluation by the Tolls Regulatory Board. The project will take about eight months to complete once approved.
“We are adding one lane in each direction. Number two is we’re building a flyover southbound along the carriageway. The reason for that flyover is that the left-turning traffic, if you are coming from the south coming from Pacific Drive, you won’t have to stop… We will remove the traffic light. We will be improving Pacific Drive, that small stretch from R1 to Macapagal [Avenue]. I think that’s about 300 meters, so we want to improve the road, the surface there,” Mr. Bautista said.
Mr. Bautista said that there are about 140,000 transactions in Cavitex each day, from the 90,000 recorded when the company took over the operations and maintenance through a government concession.
“We’re averaging about 140,000 transactions a day. When we took over in January 2014, the traffic was at about 90,000 only. It continues to grow. That’s why a lot of motorists, during peak hours in the morning and in the evening [experience a] really long queue [particularly] at the Parañaque toll plaza,” he said.
Mr. Bautista added: “If you add lanes, you will have additional area to be used by the motorists.”
Mr. Bautista said that there will be an increase in toll fees once the project is completed.
“Part of the investment proposal is to tuck in the recovery of the investment in the toll [fees],” Mr. Bautista said.
Cavitex is a 14-kilometer expressway along Bacoor Bay south of Roxas Boulevard which exits to Bacoor City and Kawit.
MPTSC is a unit of Metro Pacific Investments Corp., which is one of three Philippine subsidiaries of Hong Kong’s First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., maintains an interest in BusinessWorld through the Philippine Star Group. — Patrizia Paola C. Marcelo
http://bworldonline.com/metro-pacific-proposes-p700-m-cavitex-upgrade/
“We have this Cavitex enhancement project. It has three components,” MPTSC President Luigi L. Bautista told reporters in an interview.
Mr. Bautista said the project will involve additional lanes, a flyover, and road improvements in the area of Pacific Drive, and that the MPTSC has submitted the plan for evaluation by the Tolls Regulatory Board. The project will take about eight months to complete once approved.
“We are adding one lane in each direction. Number two is we’re building a flyover southbound along the carriageway. The reason for that flyover is that the left-turning traffic, if you are coming from the south coming from Pacific Drive, you won’t have to stop… We will remove the traffic light. We will be improving Pacific Drive, that small stretch from R1 to Macapagal [Avenue]. I think that’s about 300 meters, so we want to improve the road, the surface there,” Mr. Bautista said.
Mr. Bautista said that there are about 140,000 transactions in Cavitex each day, from the 90,000 recorded when the company took over the operations and maintenance through a government concession.
“We’re averaging about 140,000 transactions a day. When we took over in January 2014, the traffic was at about 90,000 only. It continues to grow. That’s why a lot of motorists, during peak hours in the morning and in the evening [experience a] really long queue [particularly] at the Parañaque toll plaza,” he said.
Mr. Bautista added: “If you add lanes, you will have additional area to be used by the motorists.”
Mr. Bautista said that there will be an increase in toll fees once the project is completed.
“Part of the investment proposal is to tuck in the recovery of the investment in the toll [fees],” Mr. Bautista said.
Cavitex is a 14-kilometer expressway along Bacoor Bay south of Roxas Boulevard which exits to Bacoor City and Kawit.
MPTSC is a unit of Metro Pacific Investments Corp., which is one of three Philippine subsidiaries of Hong Kong’s First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., maintains an interest in BusinessWorld through the Philippine Star Group. — Patrizia Paola C. Marcelo
http://bworldonline.com/metro-pacific-proposes-p700-m-cavitex-upgrade/
No comments:
Post a Comment