Cavitex Infrastructure Corp., a unit of Metro Pacific Tollways Corp., said it will submit a proposal to the Toll Regulatory Board to extend the Manila-Cavite Expressway from Kawit to Rosario in Cavite province at a cost of P22.5 billion.
“We completed the feasibility study, so it will take us another month to put together the business proposal to the TRB,” Cavitex Infrastructure president Luigi Bautista said.
Segment 5 of Cavitex is a 7.6-kilometer road that will link Kawit to Noveleta to Rosario in Cavite province.
The company earlier earmarked P1.7 billion to expand Cavitex.
Cavitex Infrastructure tapped FF Cruz Construction Inc. to build the first phase of the Cavitex C5 South Link, which will connect C5 and Merville, Parañaque by way of a flyover.
The second phase will link Merville and Cavite at a cost of P9.5 billion.
Cavitex C5 South Link will allow residents from Cavite, Las Piñas and parts of Parañaque to avoid Edsa and take a direct link to and from C5 to Cavitex.
Bautista said the new expressway, which was expected to be completed in 2019, would add 40,000 to 45,000 vehicle traffic per day, on top of the 130,000 vehicles currently using Cavitex.
C5 South Link will ultimately connect with R1 Expressway (Coastal Road) and provide fast, safe and convenient travel for motorists going to and from Parañaque, Las Piñas and Cavite and for Paranaque residents in Multinational, Moonwalk and Merville villages.
The new expressway will not only decongest the Parañaque villages, but will also provide easier travel from Taguig, Makati, Pasay, Pasig, Quezon City and other northern areas to Manila, Las Piñas and Cavite, the company said.
It will also provide relief for vehicles using the congested Edsa and C5 Road arteries of the metropolis.
When completed, the expressway will provide a seamless connection to Cavitex road network and to Cavite-Laguna Expressway which is slated for completion by 2020.
The new C5 Link is envisioned to spur economic development in Parañaque, Cavite and Laguna by providing a safe and convenient link from the central and northern parts of Metro Manila to the high-growth industrial and residential centers in Southern Luzon.
Segment 5 of Cavitex is a 7.6-kilometer road that will link Kawit to Noveleta to Rosario in Cavite province.
The company earlier earmarked P1.7 billion to expand Cavitex.
Cavitex Infrastructure tapped FF Cruz Construction Inc. to build the first phase of the Cavitex C5 South Link, which will connect C5 and Merville, Parañaque by way of a flyover.
The second phase will link Merville and Cavite at a cost of P9.5 billion.
Cavitex C5 South Link will allow residents from Cavite, Las Piñas and parts of Parañaque to avoid Edsa and take a direct link to and from C5 to Cavitex.
Bautista said the new expressway, which was expected to be completed in 2019, would add 40,000 to 45,000 vehicle traffic per day, on top of the 130,000 vehicles currently using Cavitex.
C5 South Link will ultimately connect with R1 Expressway (Coastal Road) and provide fast, safe and convenient travel for motorists going to and from Parañaque, Las Piñas and Cavite and for Paranaque residents in Multinational, Moonwalk and Merville villages.
The new expressway will not only decongest the Parañaque villages, but will also provide easier travel from Taguig, Makati, Pasay, Pasig, Quezon City and other northern areas to Manila, Las Piñas and Cavite, the company said.
It will also provide relief for vehicles using the congested Edsa and C5 Road arteries of the metropolis.
When completed, the expressway will provide a seamless connection to Cavitex road network and to Cavite-Laguna Expressway which is slated for completion by 2020.
The new C5 Link is envisioned to spur economic development in Parañaque, Cavite and Laguna by providing a safe and convenient link from the central and northern parts of Metro Manila to the high-growth industrial and residential centers in Southern Luzon.
No comments:
Post a Comment