NLEX Corp. said it budgeted P19 billion this year for the construction of new expressway projects to help solve Metro Manila’s traffic bottlenecks.
NLEX president and chief executive Rodrigo Franco said the bulk of the company’s 2018 capital expenditure would be used to construct the urban portions of North Luzon Expressway such as the Harbor Link Segment 10 (including the R10 Section in Dagat-Dagatan, Navotas City) and the NLEx-SLEx Connector Road project.
The tollway company said the planned investment assumed the satisfactory resolution of the tariff adjustments. It was still subject to review and adjustment depending on the results of the discussions on the tariff, it said.
Expected to be opened this year, Harbor Link Segment 10 is a 5.7-kilometer elevated expressway traversing NLEx from Smart Connect Interchange and cross over Mac Arthur Highway in Valenzuela City with down ramps along C3/5th Avenue Interchange in Caloocan City.
When Harbor Link is fully completed, travel between the Ports of Manila and NLEx is expected to take only 10 minutes, providing direct expressway access for commercial vehicles, specially heavy trucks.
