Franco said MPTC is also planning to raise funds for other projects such as the North Luzon Expressway (NLEX) – SLEX connector road and R-10, but have yet to decide on the amount.
Earlier this year, MPIC subsidiary NLEX Corp. filed a registration statement with the Securities and Exchange Commission for the shelf registration of peso denominated fixed rate bonds with an aggregate principal amount of P25 billion and planned issuance of up to P6 billion.
The NLEX-SLEX connector road is an eight-kilometer all-elevated project above the existing Philippine National Railways’ tracks from the C3/5th Avenue Interchange in Caloocan City to PUP Sta. Mesa, Manila.
The project is an alternative to Edsa and may cut travel time between NLEX and SLEX to 20 minutes from two hours.
Meanwhile, the 2.6-km R-10 spanning C-3 interchange until Dagat-Dagatan in Navotas City, will serve as the continuation of NLEX Harbor Link Segment 10.
NLEX Harbor Link which is also being built by NLEX Corp., is a six-lane elevated expressway covering 5.58-km to connect McArthur Highway in Valenzuela City and C-3 in Caloocan City.
Earlier this year, MPIC subsidiary NLEX Corp. filed a registration statement with the Securities and Exchange Commission for the shelf registration of peso denominated fixed rate bonds with an aggregate principal amount of P25 billion and planned issuance of up to P6 billion.
The NLEX-SLEX connector road is an eight-kilometer all-elevated project above the existing Philippine National Railways’ tracks from the C3/5th Avenue Interchange in Caloocan City to PUP Sta. Mesa, Manila.
The project is an alternative to Edsa and may cut travel time between NLEX and SLEX to 20 minutes from two hours.
Meanwhile, the 2.6-km R-10 spanning C-3 interchange until Dagat-Dagatan in Navotas City, will serve as the continuation of NLEX Harbor Link Segment 10.
NLEX Harbor Link which is also being built by NLEX Corp., is a six-lane elevated expressway covering 5.58-km to connect McArthur Highway in Valenzuela City and C-3 in Caloocan City.
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