Metro Pacific Investments Corp. (MPIC) unit Cavitex Infrastructure Corp. (CIC) is set to propose to the Toll Regulatory Board (TRB) the Segment 5 toll road covering Kawit to Rosario in Cavite of the Manila-Cavite Toll Expressway (CAVITEX) within this quarter, after closing the feasibility study for the project.
“We’re done with the feasibility study. So, it will take us another month to put together the proposal to TRB,” CIC president Luigi Bautista said.
Segment 5 of CAVITEX would include a 9.5-kilometer (km) toll road to connect Kawit to Noveleta and up to Rosario in Cavite.
Bautista said construction of the project is estimated to cost P22.5 billion.
As the firm has finished the feasibility study, he said the next step is to come up with the project information memorandum or the business proposal.
“So, this is the business proposal to TRB to request TRB that it’s a good project and if they approve, we will implement the project, in due course,” he said.
MPIC through CIC, manages the 14-km CAVITEX.
Earlier, Bautista said CIC is spending P700 million to expand and enhance the CAVITEX.
In particular, one lane would be added in each direction of the CAVITEX.
CIC would also build a flyover along the expressway so those coming from the South going to Pacific Drive would no longer have to stop at the traffic light.
The firm would also make improvements on the road surface of Pacific Drive or from R-1 to Macapagal.
Source: Philippine Star