Saturday, 7 February 2009

Manila's NLEX-C5 link construction to start in March

BusinessWorld Online
http://www.bworldonline.com/BW020709/content.php?id=043

MANILA NORTH Tollways Corp. (MNTC) will begin the construction of North Luzon Expressway (NLEX)-Segment 8.1 that would link C-5 to NLEX before the quarter ends, Metro Pacific Investment Corp. (MPIC) told the stock exchange yesterday.

MNTC, the operator of NLEX, said the construction of Segment 8.1 will begin in March and is expected to be completed in April 2010.

"We expect construction activities to stimulate the economy in the areas where the roadway will be built and [in effect] create some 600 jobs," Rodrigo E. Franco, MNTC president and chief executive officer said.

NLEX Segment 8.1 is a 2.7 two-lane kilometer expressway that will link Mindanao Ave. to NLEX. Based on the plans, a toll plaza will be built on Mindanao Avenue where motorists can enter and exit NLEX, effectively easing the traffic congestion on EDSA Balintawak.

Ramoncito S. Fernandez, First Philippine Infrastructure Inc. (PFII) president and chief executive officer, said the C-5 to NLEX connection is crucial to President Gloria Macapagal-Arroyo’s plan to decongest Metro Manila.

FPII owns majority of MNTC. FPII, in turn is majority-owned by MPIC.

MPIC further states that MNTC’s Segment 8.1 teams are accelerating the remaining construction components and are coordinating with the Department of Public Works and Highways, the Toll Regulatory Board and other government agencies for completing the remaining right-of-way requirements for the project.

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