Cavitex Infrastructure Corp. said it is set to submit by February next year a proposal to the Toll Regulatory Board to build a P12-billion expressway linking Kawit and Rosario in Cavite province.
“We’re finishing up the feasibility study. We will complete it [feasibility study] January. And then, we will submit business proposal to TRB in February,” Cavitex president and chief executive Luigi Bautista said.
“If TRB approves it, we will start completing detailed engineering design and then we go to implementation,” he added.
The Segment 5 of Cavitex is a 7.6-kilometer road that will link Kawit to Noveleta and Noveleta to Rosario in Cavite.
The company earlier earmarked P1.7 billion in capital expenditures to expand the Manila-Cavite Expressway.
Cavitex earlier tapped FF Cruz Construction Inc. to construct the first phase of the Cavitex C5 South Link, which will connect C5 and Merville, Parañaque by way of a flyover.
The second phase will link Merville and Cavite and cost P9.5 billion.
Cavitex C5 South Link will allow residents from Cavite, Las Piñas and parts of Parañaque to avoid Edsa and take a direct link to and from C5 to Cavitex.
Bautista said the new expressway, which was expected to be completed in 2019, would add 40,000 to 45,000 vehicle traffic per day, on top of the 130,000 vehicles currently using Cavitex.
C5 South Link will ultimately connect with R1 Expressway (Coastal Road) and provide fast, safe and convenient travel for motorists going to and from Parañaque, Las Piñas and Cavite and for Paranaque residents in Multinational, Moonwalk and Merville villages.
The new expressway will not only decongest the Parañaque villages, but will also provide easier travel from Taguig, Makati, Pasay, Pasig, Quezon City and other northern areas to Manila, Las Piñas and Cavite.
It will also provide relief for vehicles using the congested Edsa and C5 Road arteries of the metropolis.
When completed, the expressway will provide a seamless connection to Cavitex road network and to Cavite-Laguna Expressway slated for completion in 2020.
The new C5 Link is envisioned to spur further economic development in Parañaque and in Cavite and Laguna provinces by providing a safe and convenient link from the central and northern parts of Metro Manila to the high-growth industrial and residential centers in Southern Tagalog.