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NAIA toll road deal signed

By Lailany P. Gomez | Posted on Jul. 09, 2013 at 12:02am
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Diversified conglomerate San Miguel Corp. will start construction of the P15-billion NAIA Expressway project in January 2014 following a contract signing Monday with the Department of Public Works and Highways.
Public Works Secretary Rogelio Singson and San Miguel chief financial officer Ferdinand Constantino signed the contract, three months after the conglomerate won the bidding for the project.
Raoul Eduardo Romulo, San Miguel’s head of Treasury Services Infrastructure Group, said the early construction of the project would hinge on the grant of the right-of-way to unit Optimal Infrastructure Development Inc. San Miguel said it could complete the project in time for the meeting of the Asia-Pacific Economic Cooperation in 2015.
“We are doing the detailed engineering for the construction itself. But the government has to certify a right-of-way before we can start construction. The next six months we will be dependent on the government to deliver the right-of-way. Then, we can begin construction in January 2014. We have to target finishing it before the APEC,” Romulo told reporters at the sidelines of the contract signing.
Under the private-public partnership scheme, the government will shoulder the P2.25-billion right-of-way acquisition for the 7.15-kilometer four-lane elevated expressway.
The DPWH said it had started the process of documenting squatters occupying part of the proposed road.
San Miguel bagged the contract to build the NAIA Expressway after paying government P11 billion in upfront money, representing direct payment in exchange of the 30-year concession contract to operate the toll road. It easily topped the P305-million offer of the other bidder, Manila North Tollways Corp.
The upfront payment was on top of the estimated P15.516-billion construction cost.
The 7.15-kilometer four-lane elevated expressway aims to provide easy access to and from the three NAIA passenger terminals, as well as interconnect the South Luzon Expressway/Skyway with the Manila-Cavite Toll Expressway on Roxas Boulevard, Macapagal Boulevard and the proposed Pagcor Entertainment City.
The DPWH, meanwhile, said it might apply the existing contract between Metro Pacific Investment Corp. and Philippine National Construction Corp. for the construction of the connector road that will link the North and South Luzon expressways.
Public Works Undersecretary Rafael Yabut said extending the current contract was one of the options the government was looking at to speed up the construction of the estimated P25.56-billion connector road.

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