Manila North Tollways Corp., the builder and concessionaire of North Luzon Expressway, said it submitted to the Duterte administration a proposal to extend the NLEx Harbor Link from C3 Road in Caloocan City to R10 in Tondo, Manila.
MNTC president and chief executive Rodrigo Franco said the project would bring the NLEx Segment 10 to R10, or very near the port.
Segment 10 of NLEx is a 5.6-kilometer elevated highway in northwest Metro Manila linking MacArthur Highway in Valenzuela City and C3 Road in Caloocan City. MNTC plans to extend it to R10.
MNTC expects a daily traffic of 30,000 vehicles for Segment 10.
Franco said the company would spend between P6 billion and P7 billion for the project.
“We hope the government will approve it as soon as possible,” Franco said.
MNTC completed and opened the P1.59-billion Segment 9 of the NLEx Harbor Link”•a 2.42-kilometer expressway to the public in March 2015.
Segment 9 connects NLEx from Smart Connect Interchange to MacArthur Highway in Karuhatan, Valenzuela City. The new road is expected to serve as many as 27,000 vehicles daily in the first year and ease traffic in major thoroughfares.
MNTC’s net income reached P2.93 billion in January to September, up 32 percent from P2.22 billon in the same period last year.
Revenues increased 29 percent in the nine-month period to P7.78 billion from P6.04 billion in the same period last year amid the steady increase in traffic and strong toll revenue contribution from Subic-Clark-Tarlac Expressway operations amounting to P1.11 billion.
The average daily traffic at NLEx hit 217,191 entries in the first nine months, or 9 percent higher than the same period in 2015. Traffic at SCTEx reached 43,835 daily vehicle entries.