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.
___________________________________________________________
