Monday, October 9, 2017

MPIC says P7.3-B deal for Calax inked soon

INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) will soon sign a P7.3-billion contract with Leighton Contractors Philippines Inc. for the construction of the second segment of the Cavite-Laguna Expressway (Calax). 

Luigi L. Bautista, who sits as president at MPCala Holdings Inc., said his group targets to seal the deal for the construction of the Cavite portion of Calax with Leighton in November.

Signing the deal in the said month means that the contractor can start building the road by the first quarter of 2018.

“So, by January, we’ll start,” Bautista said in an interview over the weekend.

The contract for the construction of the Laguna segment of the expressway project was inked in March with D.M. Consunji Inc. (DMCI).

For her part, Public Works Undersecretary Maria Catalina E. Cabral said the government is committed to deliver the right-of-way to the company to complete the whole expressway in two years’ time.

“We’ve already acquired the right-of-way. The marching order for us is to finish our programs under the term of President Duterte. The target completion for Calax is two years from now,” Cabral said.

She said the delivery of the needed easement is as scheduled, but declined to disclose how much right-of-way has been delivered so far.

“We’re on time, significantly with the construction time,” Cabral said.

Calax, a 47-kilometer thoroughfare that will link the Manila-Cavite Toll Expressway and the South Luzon Expressway, aims to enhance trade and socioeconomic activities in the Southern Tagalog region.

MPCala Holdings, a unit of Metro Pacific, won the right to financing, design, construct, operate and maintenance of the entire four-lane toll road for P55.9 billion.

The project will include the construction of centralized toll plazas, a toll-collection system, viaducts and bridges. Metro Pacific holds a 30-year concession to 2050.

No comments:

Post a Comment