Cavitex Infrastructure Corp., a unit of Metro Pacific Tollways Corp., said it will submit this month a business proposal to the Toll Regulatory Board to extend the Mania-Cavite Expressway from Kawit to Rosario in Cavite province.
“We completed the feasibility study. By about end of June, we will be submitting the business proposal [to TRB],” Cavitex president and chief executive Luigi Bautista said.
Bautista said his company would spend P22.5 billion to construct Segment 5 of Cavitex―a 7.6-kilometer road that will link Kawit to Noveleta to Rosario in Cavite province.
Cavitex earlier tapped FF Cruz Construction Inc. to build the first phase of the Cavitex C5 South Link, which would connect C5 and Merville, Parañaque by way of a flyover.
The second phase will link Merville and Cavite at a cost of 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, the company said.
It will also provide relief for vehicles using the congested Edsa and C5 Road arteries of the metropolis.
Once completed, the expressway will provide a seamless connection to Cavitex road network and to Cavite-Laguna Expressway which is slated for completion by 2020.
The new C5 Link is envisioned to spur economic development in Parañaque, Cavite and Laguna 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 Luzon.