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Friday, March 29, 2024

Cavitex spending P8 billion on 2 expansion projects

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Cavitex Infrastructure Corp. said it is spending more than P8 billion to build two new segments of the Cavitex C5 Link Expressway.

The operator of Manila-Cavite Expressway and the Department of Public Works and Highways are scheduled to break ground Friday on the P7.03-billion Segment 3A-2 and P1.80-billion Segment 2 of the Cavitex C5 Link project. 

“These projects will decongest EDSA and Sales Road in Pasay City by about 50,000 vehicles per day, and connect major business districts in Taguig and Makati to Parañaque, Las Pinas and Cavite,” Public Works Secretary Mark Villar said. 

Segment 2 is a 1.9-kilometer, 2×3 lane expressway that will run from R-1 Expressway to Sucat Interchange, while Segment 3A-2 is a 1.6-kilometer, 2×3 lane expressway that will run from Merville to RSG Subdivision in Parañaque.

These two segments are expected to be completed by the second quarter of 2022. Upon completion, Segments 2 and 3A-2 are seen to reduce travel time to Makati and Taguig cities from Parañaque City, Las Pinas City and Cavite province by 30 minutes and play a huge role in economic development.

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CIC and the Philippine Reclamation Authority signed a contract with the consortium of A.M. Oreta & Company Inc. and China Harbour Engineering Company Ltd. for the construction of Segment 2 and Segment 3A-2.

DCCD Engineering Corp., KE Asia, Inc. and Ove Arup and Partners Hongkong LTD (Philippine Branch) were tapped as project consultants.

“Once operational, Segments 2 and 3A-2 of Cavitex C5 Link Expressway will help provide fast, safe and efficient movement of people and goods, and create at least 1,000 new jobs in construction, operations and maintenance,” CIC president and general manager Roberto Bontia said.

Cavitex-C5 Link Expressway is a 7.70-kilometer dual three-lane expressway that runs from R-1 Parañaque Toll Plaza to C-5 Road in Taguig.

Aside from Cavitex, Cavitex C5 Link Expressway, and the Cavite-Laguna Expressway, Metro Pacific Tollways Corp.’s portfolio also includes the concessions for the North Luzon Expressway, the Subic-Clark Tarlac Expressway, the NLEX Connector Road and the Cebu-Cordova Link Expressway in Cebu.

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