MPCala Holdings Inc., a unit of Metro Pacific Investments Corp., said it is optimistic it will obtain the original proponent status for the P22.43-billion Cavite-Batangas Expressway next month.
“We are hopeful that the OPS will be issued soon,” MPCala Holdings president and chief executive Luigi Bautista said Thursday.
The Public Works Department said the OPS letter for CTBex was set to be signed by Secretary Mark Villar.
CTBex is a proposed 49-kilometer expressway that will connect Cavite and Batangas, with a spur road to Tagaytay City and ultimately terminating in Nasugbu, with another spur road to Tuy, Batangas.
Bautista said the CTBex project was expected to start construction by the first quarter of 2019.
Once completed, the project would cut travel time from Sta. Rosa, Laguna to Nasugbu, Batangas from 2.5 hours to just an hour. The project was targeted to be completed by the first half of 2022.
The project will start at Silang East Interchange of Cavite-Laguna Expressway. The alignment will traverse the towns of Silang, Amadeo, Mendez, Alfonso and Tagaytay in Cavite and Nasugbu in Batangas.