South Luzon Tollways Corp. (SLTC) has allocated P3.041 billion for capital expenditures this year, mostly to fund the expansion of South Luzon expressway (SLEx) by 57.04 kilometers from Sto. Tomas, Batangas to Tayabas, Quezon.
SLTC, majority owned by diversified conglomerate San Miguel Corp. (SMC), said P2.3 billion of the capex will be used to expand Toll Road 4 (TR4).
The remaining budget will be spent on enhancement activities including flood mitigation, conversion to LED lights, seamless tollway project and toll collection system/traffic control for P438 million, as well as asphalt resurfacing, pavement repair, bridges and slope embankment for P275 million.
The company said it is on track to start the construction of the first phase or TR4A from Calamba to Makban in Laguna next month. The entire project is targeted to be completed by 2022.
The expansion to TR4 is part of SLTC’s 30-year concession or until 2036. The project’s construction cost is P16.8 billion, inclusive of other transaction costs, and the right-of-way (ROW) acquisition cost is P3.5 billion (reimbursable).
Currently, the Toll Regulatory Board has signed and approved the final engineering design for TR4. The Department of Public Works and Highways and the Department of Transportation also signed the ROW acquisition.
“SLTC aims to extend the reach of SLEx by accomplishing full construction of TR4, a new 57.04 km four-lane toll road from TR3 in Sto. Tomas, Batangas to Lucena City in Quezon, thereby extending SLEx to around 93 km,” the company said.
“SLTC may also consider the possibility of an extension of the concession period for SLEx,” it added.
SLTC will also be pursuing improvement projects such as road widening, additional lanes and toll plazas, rehabilitation and other road repair works, flood mitigation and other safety measures.
SLTC is 80 percent owned by MTD Manila Expressways, a unit of SMC, and 20 percent owned by state-run Philippine National Construction Corp.
The company is the concessionaire of SLEx which currently spans 36.1 km from Alabang, Muntinlupa to Sto. Tomas.
SLTC, majority owned by diversified conglomerate San Miguel Corp. (SMC), said P2.3 billion of the capex will be used to expand Toll Road 4 (TR4).
The remaining budget will be spent on enhancement activities including flood mitigation, conversion to LED lights, seamless tollway project and toll collection system/traffic control for P438 million, as well as asphalt resurfacing, pavement repair, bridges and slope embankment for P275 million.
The company said it is on track to start the construction of the first phase or TR4A from Calamba to Makban in Laguna next month. The entire project is targeted to be completed by 2022.
The expansion to TR4 is part of SLTC’s 30-year concession or until 2036. The project’s construction cost is P16.8 billion, inclusive of other transaction costs, and the right-of-way (ROW) acquisition cost is P3.5 billion (reimbursable).
Currently, the Toll Regulatory Board has signed and approved the final engineering design for TR4. The Department of Public Works and Highways and the Department of Transportation also signed the ROW acquisition.
“SLTC aims to extend the reach of SLEx by accomplishing full construction of TR4, a new 57.04 km four-lane toll road from TR3 in Sto. Tomas, Batangas to Lucena City in Quezon, thereby extending SLEx to around 93 km,” the company said.
“SLTC may also consider the possibility of an extension of the concession period for SLEx,” it added.
SLTC will also be pursuing improvement projects such as road widening, additional lanes and toll plazas, rehabilitation and other road repair works, flood mitigation and other safety measures.
SLTC is 80 percent owned by MTD Manila Expressways, a unit of SMC, and 20 percent owned by state-run Philippine National Construction Corp.
The company is the concessionaire of SLEx which currently spans 36.1 km from Alabang, Muntinlupa to Sto. Tomas.
No comments:
Post a Comment