Posted on February 25, 2016 08:46:00 PM
By Daphne J. Magturo, Reporter
THE AYALA group’s P2.01-billion Muntinlupa-Cavite Expressway (MCX), which it bagged under a public-private partnership (PPP) auction, is about to hit half of its traffic volume capacity just half a year after it started operations, helped by the aggressive property developments in the area.
THE MUNTINLUPA-CAVITE Expressway is one of the latest public-private partnership projects opened to the public. -- MCX FACEBOOK ACCOUNT
“Our first milestone is to exceed the 25,000 [daily traffic volume] so hopefully that will come in the next couple of years,” AC Infrastructure Holdings Corp. President and Chief Executive Officer John Eric T. Francia said in an interview on the sidelines of a recent forum in Makati City.
The four-kilometer toll road, formerly known as the Daang Hari-South Luzon Expressway (SLEx) Connector Road, became operational on July 24 last year. It can accommodate 50,000 motorists everyday.
“The average now is over 20,000. We have not yet reached 25,000 but we’re close,” Mr. Francia said.
“Obviously the development of that area is fast growing, so once people build houses and mixed-use developments -- the real estate developers have been so aggressive in pushing for their projects there -- that will drive traffic volume.”
The toll road will link the city of Muntinlupa and the province of Cavite to Metro Manila and the rest of Southern Luzon.
Ayala Corp.’s real estate arm Ayala Land, Inc. owns properties along the stretch of Alabang Road to Daang Hari, including commercial complex Alabang Town Center as well as residential projects across its various brands.
The Public Works department earlier said the toll road will also provide new access to the National Bilibid Prison property in Muntinlupa City, which the government intends to redevelop into a mixed-use area with commercial, residential, and institutional components.
Public Works Secretary Rogelio L. Singson had said in July last year that the catchment area population of the toll road is three million, specifically in the areas of Imus, Dasmariñas, Bacoor, Muntinlupa, and San Pedro.
The MCX will cut travel time by an average of 45 minutes and decongest traffic in the Cavite, Las Piñas, and Muntinlupa areas.
Aside from MCX, AC Infrastructure also won two other PPP projects: the P64.9-billion Light Rail Transit Line 1 Cavite Extension and P1.72-billion contactless Automatic Fare Collection System for the LRT-1, LRT-2 and the Metro Rail Transit Line 3.
So far, contracts for 12 PPP projects cumulatively worth some P217.4 billion have been awarded since the infrastructure flagship was launched in the third quarter of 2010.