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Saturday, January 10, 2015

Metro Pacific Group bags deal to build bridge connecting Cebu and Mactan

The Metro Pacific Group has secured clearance from the local government of Cebu to construct a third bridge connecting it to neighboring Mactan Island.

Ramon Fernandez, president of Metro Pacific Tollways Corp (MPTC), told that Cebu Mayor Mike Rama already signed the acceptance of the company's proposal to build a bridge linking Cebu City and Cordova town.

"Our estimate of the start of construction of the project is anywhere between 6 and 9 months from notice of award," Fernandez said.

He said the proposed bridge, which will span 7.9 kilometers -- to include the main bridge, an 800-meter viaduct, the toll plaza and a causeway -- will cost about P17 billion.

The management of the proposed bridge would be turned over to the city after 35 years.

Fernandez earlier said the company was targeting more road projects in the Visayas and Mindanao.

The Metro Pacific Group, which corners 60 percent of the Philippines' toll road industry, operates the North Luzon Expressway (NLEX), Subic Clark Tarlac Expressway and the Manila Cavite Expressway.

Fernandez had said the company is investing P36-40 billion over the next three to five years for its projects.

MPTC also plans to construct the P18 billion road connecting NLEX to the South Luzon Expressway (SLEX).

The NLEX-SLEX Connector Road, which will be called Segment 10.2, would be integrated to Segment 10.1, a 5.65-kilometer road that starts where Segment 9 ends on MacArthur Highway and stretches all the way to C3 Road. Segment 9 is a 2.4-kilometer portion linking the NLEX to MacArthur Highway.

The three projects once completed would be called NLEX Metro Expressway Link Project. The P1.59-billion Segment 9 is expected to be completed in March, while the Segment 10.1 would follow.

Segment 10.2 is an eight-kilometer long road from C3 in Caloocan City to Polytechnic University of the Philippines (PUP) campus in Sta. Mesa, Manila. Some portions of this segment will be elevated above the railroad tracks of the Philippine National Road (PNR).

- Interaksyon

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