Metro Pacific Tollways Corp., a unit of Metro Pacific Investments Corp., said it expects to start the construction of the P9-billion Cavitex C5 Link Expressway in February 2016.
MPTC said the Toll Regulatory Board approved the first portion of the C5 Link Expressway, which runs from C5 Road in Taguig towards Moonwalk and Merville villages in Sucat Parañaque.
The company plans to break ground for the project in January, with construction starting the following month.
It said the right-of-way for the first portion of the expressway project was substantially acquired, and would be completed when the Manila International Airport Authority transferred additional land for the project to the Public Works Department.
The C5 Link will ultimately connect with the Cavitex Coastal Expressway and will provide fast, safe and convenient travel for motorists going to and from Paranaque, Las Piñas and Cavite and for Parañaque residents in Multinational, Moonwalk and Merville villages.
The new expressway, once completed in 2019, will not only decongest the Parañaque villages, but will also provide easier travel from Taguig, Makati, Pasay, Pasig and Quezon City to Manila, Las Piñas and Cavite province.
It will also help ease congestion along Edsa and C5 Road.
The expressway will provide a seamless connection to the Cavitex road network, and to the Cavite-Laguna Expressway which is 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.
The C-5 Link Expressway is another project of the Metro Pacific Tollways Group of companies, which is currently the largest operator of toll roads in the country.
Aside from Cavitex, MPTC Group operates the NLEx and the SCTEx and has successfully established an investment foothold in Southeast Asian toll roads in Don Muang, Bangkok, Thailand and CII Bridge and Roads in Ho Chi Minh, Vietnam. It operates 60 percent of the Philippines’ 320 kilometers of toll roads.
Metro Pacific Tollways earlier won the bid for the flagship 45-kilometer Cavite-Laguna Expressway, the government’s largest PPP project to date.
Construction period for CALAx would cover July 2016 to July 2010, while operations and maintenance would be from July 2020 to July 2050.