Sunday, 9 May 2010

Citra to start Buendia-Balintawak Skyway construction in 2012

Darwin G. Amojelar
Manila Times
http://www.manilatimes.net/index.php/business-columns/16828-citra-to-start-buendia-balintawak-skyway-construction-in-2012

The Indonesia-based company that operates South Metro Manila Skyway plans to extend the elevated highway to the northern part of the metropolis in the next two years, its executives said.

In a briefing, Chadik Wahono, Citra Metro Manila Tollway Corp. (CMMTC) chief executive, said that his company would begin the construction of the 13-kilometer elevated highway from Buendia, Makati to Balintawak, Quezon City after completing the Stage 2 of Skyway, which goes from Bicutan to Alabang.

Eduardo Nepomuceno, Skyway O&M Corp.’s head for Special Projects and Operations, said the Skyway Stage 3 (Buendia to Balintawak) will cost about $570 million to build. He said that CMMTC may look for other investors to join the company to finance Skyway Stage 3 project.

According to Wahono, the 6.88-km Bicutan-Alabang elevated expressway would be completed by end-2010, ahead of the May 2011 target. After completion, the company expects that about 180,000 vehicles would pass through the highway per day.

The CMMTR also operates the Skyway Stage 1, a 9.3-kilometer elevated expressway from Buendia, Makati to Bicutan, Parañaque, and the 13.5-km at-grade South Luzon Expressway (SLEX) from Magallanes to Alabang.

The Buendia-to-Bicutan expressway has an average vehicle traffic of 26,000 daily, while Magallanes-to-Alabang road has 150,000.

Earlier, Metro Pacific Tollway Corp. (MPTC) said it plans to increase its stake in CMMTC from 3 percent to 30 percent.

MPTC, the tollway unit of Metro Pacific Investments Corp. (MPIC), also wants to bid for the Philippine National Construction Corp.’s 20-percent stake in South Luzon Tollway Corp., the contractor of SLEX.

The tollway firm is also negotiating with the government for the long-term maintenance and operations contract of the Sublic-Clark-Tarlac Expressway (SCTEx). The MPIC group holds an interim agreement to operate and maintain the SCTEx, a key transportation node linking two former US military bases-turned-economic zones, Clark and Subic.

MPTC operates the North Luzon Expressway.

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