Link investor

MPTC still sticks to CTBEX, NLEX-Cavitex Port binding

LA Metro Pacific Tollways Corp. (MPTC) said it would “relaunch” some of its proposed road projects with the new head of the Department of Public Works and Highways (DPWH), including the Cavite-Tagaytay-Batangas Highway (CTBEX) and the Circumferential Road. 3 (C3) – Anda Circle segment of the NLEX-Cavitex Port freeway link.

“We need to (sit down with) the new agency head, because that’s something we want to pursue and implement immediately,” MPTC chief financial officer Christopher Daniel C. Lizo told reporters during the briefing. a recent gathering, referring to the CTBEX project.

He said the company still holds initial developer status for CTBEX, a 50.43 kilometer (km) toll highway connecting the Cavite-Laguna Expressway (CALAX) to Silang East Interchange in Tagaytay City and Nasugbu, Batangas.

The 25.24 billion peso project is expected to help ease congestion on the Aguinaldo and Sta. Rosa-Tagaytay Road, especially during peak periods and weekends.

On the C3 Road-Anda Circle segment of the proposed 15km NLEX-Cavitex Port Expressway Link project, Mr Lizo said: “We just need to relaunch the proposal with the new secretary (of the DPWH).” The DPWH is a member of the Toll Regulatory Board (TRB).

The project, which is now with the TRB, originated as a joint unsolicited proposal with the Manila-Cavite Expressway (CAVITEX) submitted to the DPWH in 2019 to extend the North Luzon Expressway (NLEX).

The 92 billion peso project consists of three sections: the 5.7 km C3 road to Anda Circle, the 4.8 km connection between CAVITEX and Buendia Avenue and the 4.6 km Buendia Avenue to ‘at Anda Circle.

NLEX Corp. President and CEO J. Luigi L. Bautista said in April that the group was awaiting TRB approval to implement the first section of the proposed project.

The NLEX-CAVITEX Port Expressway Link project, when completed, is expected to “spur development in and around Manila, Caloocan, Malabon, and Navotas,” the DPWH said on its website.

MPTC is the tolls unit of Metro Pacific Investments Corp., one of the three main Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc.

Hastings Holdings, Inc., a unit of MediaQuest Holdings, Inc., a subsidiary of PLDT Beneficial Trust Fund, owns a controlling interest in Business world through the Philippine Star Group, which he controls. — Arjay L. Balinbin