The tollway unit of Metro Pacific Investments Corp. submitted an unsolicited proposal to the government to build an expressway connecting Manila-Cavite Expressway to Sangley Point in Cavite City.
Cavitex Holdings Inc., owned by MPIC, submitted a letter of intent to the Public Works Department on July 3 to build the Cavitex-Sangley Extension Project.
The project aims to connect the Kawit Interchange of Cavitex to Sangley Point in Cavite City and neighboring provinces of Laguna and Batangas and Metro Manila via a reclaimed road and viaduct totaling 4.63 kilometers.
Cavitex is a 14-kilometer expressway linking Manila and Cavite province.
MPCALA Holdings Inc., a unit of MPIC, earlier submitted an unsolicited proposal to build Cavite-Tagaytay-Batangas Expressway, a 46-kilometer road worth P25 billion.
The project aims to link Cavite Expressway and Cavite Laguna Expressway in Silang, Cavite to Tagaytay City and will terminate in Nasugbu, Batangas.
The company is also constructing the P35-billon Cavite Laguna Expressway, a four-lane, 47-kilometer closed-system toll expressway connecting Cavitex and South Luzon Expressway.
The expressway will start from Cavitex in Kawit, Cavite and end at the SLEx-Mamplasan Interchange in Biñan, Laguna.
The MPIC Group is also building the P11.7-billion C5 Link Expressway, a 7.7-kilometer road that will link C5 Road in Taguig to R1 (Coastal) Expressway. The project is expected to be completed by end-2019.
Metro Pacific Tollways Corp., the tollway unit of MPIC, budgeted P130.5 billion in the next five years to build highways and toll roads around the Philippines.
The company said to fund the projects, it is imperative that overdue tariff increases, now ranging between 20 percent and 48 percent on different parts of the network, be implemented.
“We are in constructive dialog with the new administration on how to achieve this,” MPTC said.
MPTC recorded a core net income of P2.1 billion in the first six months, up 27 percent from last year’s P1.6 billon.