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MPTC, partner eye Laguna road

By Jenniffer B. Austria | Posted on May. 28, 2013 at 12:01am
[ manilastandardtoday.com ] 
Metro Pacific Tollways Corp. is in talks with a local group to jointly bid for the P35.5-billion Cavite-Laguna Expressway project.
MPTC president Ramoncito Fernandez said the company considered the possibility of getting a strategic partner to boost its bid to build and operate the 47-kilometer expressway project.
The tollways unit of Metro Pacific Investment Corp., however, said it planned to hold majority ownership in the joint venture company.
Cala is a four-lane, 47-kilometer road project that will connect the Manila-Cavite Expressway and South Luzon Expressway.
The government, under the proposed bidding procedure, will tap the private sector to finance, design, and construct the Cavite Section with a total of 28.9 km from Kawit to Aguinaldo Highway in Silang, Cavite and operate and maintain the entire 47-km Cala Expressway.
The government, meanwhile, will finance, design and construct the Laguna section with 18.1 km from Aguinaldo Highway to SLEX Mamplasan Exit in Laguna.
Meanwhile, the MPTC is waiting for the implementation of the tariff adjustments at both the North Luzon Expressway and Cavite Expressway by virtue of their existing concessions.
The tariff increase, which the company hopes to obtain by the second half of the year, is expected to boost the company’s revenues.
Fernandez said the company remains on the lookout for toll road projects outside Metro Manila and investment opportunities in Southeast Asia.
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