ABS-CBN News, 31 March 2014
MANILA, Philippines ‚Äď Manila North Tollways Corp. (MNTC) is planning to raise P10 billion for the construction of the P18 billion toll road that will connect the North and South Luzon Expressways.
MNTC president Rodrigo Franco said the company will raise funds in the last quarter of the year.
‚ÄúThat is around P10 billion and will immediately be after the TRB [Toll Regulatory Board] approval. So we are hoping by the third or the fourth quarter we will be raising financing again,‚ÄĚ he said.
MNTC, a unit of infrastructure company Metro Pacific Investments Corp. has also successfully listed P7 billion worth of retail bonds at the Philippine Dealing and Exchange Corp. (PDEX).
The PDEX listing will be used to finance the P10 billion Harbor Link project.
Franco said MNTC is considering other ways to raise funds, including raising funds from existing shareholders or through the issuance of bonds.
About 70 percent of the funds will be borrowed while the remaining 30 percent will be internally generated, said Franco.
He added that MNTC is monitoring developments in the financial markets after the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) raised the reserve requirements by a percentage point on March 27.
Effective April 4, the reserve requirement for commercial banks will increase to 19 percent from 18 percent, 7 percent from 6 percent for thrift banks, and 5 percent from 4 percent for rural banks
‚ÄúWe have to evaluate because of the developments in the financial markets. We have to study the impact of the decision of the BSP to raise requirements,‚ÄĚ he said.
Metro Pacific Tollways Corp. president Ramoncito Fernandez, meanwhile, said an estimated P40 billion will be allotted for road projects in the Philippines and abroad over the next five years.
MPIC earlier said it may develop two major toll road projects in Vietnam, which could cost $1 billion.
The company is in talks with Cuu Long Infrastructure Development and Management Corp. (Cuu Long CIMP) to submit a proposal to the Ministry of Transport of Vietnam for an expansion project in northern Ho Chi Minh.
‚ÄúIt‚Äôs moving well. We had the Vietnam potential partners visit Manila last month. They were very happy with their visit so we are on schedule to submit a joint proposal to the Vietnamese government,‚ÄĚ said Fernandez.
Malaya, 20 February 2014
By¬†Evan Orias and Raymond Africa
THE Metropolitan Manila Development Authority yesterday said the worst traffic situation is expected in the last quarter of the year, when there will be simultaneous construction of 10 government projects.
Work on two of the projects — Skyway Stage 3 and Phase 2 of the Ninoy Aquino International Airport Expressway ‚Äď started Monday night.
The other projects whose constructions are going to overlap by the last quarter are LRT Line 1 Cavite extension, Integrated Transport System (Southwest Terminal), Sen. Gil Puyat-Paseo de Roxas underpass, NLEX-SLEX link connector road, Espa√Īa flyover, LRT Line 2 east extension project, Lawton bridge, and LRT Line 1 north extension project.
MMDA chairman Francis Tolentino said that on the third day of Skyway 3 construction, a decrease of about 7.3 percent was seen in the daily average of 130,000 vehicles passing Osme√Īa Highway.
He said this could be because motorists opted to take alternate routes.
Two southbound inner lanes of the Osme√Īa Highway were closed Monday night for the construction of Skyway 3 from Balintawak in Quezon City to Buendia avenue in Makati City.
Tolentino said there is no reason to reroute traffic to Mandaluyong City because Osme√Īa Highway ‚Äúis still okay.‚ÄĚ
He also said no traffic congestion was monitored in the six alternate routes for vehicles along Quirino avenue. The alternate routes make use of streets in Manila and Makati cities, including A. Mabini, Leon Guinto, P. Zamora, Pedro Gil, Onyx, Zobel Roxas, and Kalayaan Avenue, and Chino Roces Avenue.
Tolentino said the agency needs more 400 traffic constables, aside from the 100 MMDA personnel and 50 flag men provided by the contractor at the perimeter of the construction site.
He added the agency has already put street signs so that motorists will not be confused.
Completion of the Skyway 3 project is expected in 2017. The road projects are expected to cause heavy traffic in Metro Manila.
The Philippine National Railways will provide additional train trips, the Department of Transportation and Communications yesterday said.
The ‚Äúspecial coach‚ÄĚ service, which will start March 3, will be provide four trips daily in addition to the 70 trips PNR is making, said DOTC spokesman Michael Arthur Sagcal.
The train will use part of the 40 coaches donated by East Japan Railway Co. in 2012, Sagcal said.
The donated coaches were initially fielded for PNR‚Äôs Tutuban to Bicol trips and vice versa, which started March 2012 but suspended in October 2012 over rail safety concerns.
Sagcal said the special coach service will make use of air-conditioned train sets and other features to ensure passenger convenience, such as fixed seating, on-board comfort rooms, reclining seats, and a lounge section. It can accommodate 120 people per trip.
PNR general manager Joseph Allan Dilay said the special coach service will run four times a day.
There will be only two Tutuban to Sta. Rosa and vice versa trips. These will be the first and last trips. In between, the trains will travel only from Tutuban up to Alabang and back.
Depending on ridership response, Sagcal said the PNR will decide on whether to increase the number of trips.
Sagcal said that to further help ease traffic woes, the PNR will operate its commuter rail longer, from 4 a.m. to 8 p.m. daily from its current operating hours of 5 a.m. to 7 p.m.
The railway‚Äôs commuter line serves an average of 65,000 passengers on 70 trips per day.
By Lawrence Agcaoili
MANILA, Philippines – Citra Central Expressway Corp., a unit of diversified conglomerate San Miguel Corp. (SMC), expects to receive the Toll Regulatory Board approval for the construction of the P27-billion toll road connecting the North Luzon and South Luzon.
The company said construction of several columns along Osme√Īa Highway as part of the project‚Äôs advance works would start immediately after receiving the notice from the regulator.
The Department of Environment and Natural Resources has issued ECC-NCR-1206-0126 and DNF-UFD-C/B P#2013-07-123 allowing the cutting and balling of trees as well as the planting of seedlings along the project alignment from Buendia to the corner of Quirino Avenue.
The Skyway Stage 3 team would also enclose or board-up the project‚Äôs work site occupying the center island and two of the five southbound travel lanes along Osmena Highway from F. Torres Street towards Quirino Avenue in Manila to begin excavation, foundation and column works.
To minimize the public inconvenience, the Skyway Stage 3 team has started to coordinate with the concerned local government unit (LGU), the local traffic police force, and the barangays within its jurisdiction and the Metro Manila Development Authority in implementing traffic re-routing and counterflow, if needed.
All the safety devices would also be put in place and adequate number of traffic personnel will be deployed in the work area to assist motorists.
Timely advisories, through signages, broadcast media, leaflets and social media sites, will also be made.
‚ÄúThe Skyway Stage 3 appeals for public understanding and cooperation and will do everything possible, to keep traffic moving and keep the motorists, commuters and workers alike safe at all times,‚ÄĚ the company said.
The Skyway Stage 3 project is a 14.8-km. 6-lane elevated expressway that would connect NLEX and SLEX from the Buendia-end of the Skyway in Makati City to Balintawak, Quezon City.
SMC president Ramon S. Ang earlier said the project would decongest the major roads of Metro Manila, particularly EDSA and C-5 and reduce travel time from Buendia to Balintawak to 20 minutes or less from two hours.
Aside from SMC, other shareholders of Citra Central Expressway include Citra Lamtoro Gung Persada and the state-run Philippine National Construction Corp. (PNCC).
The company expects to start full-scale construction by April this year and complete the project in 36 months.
Late last September, Malaca√Īang gave CCEC the green light to start the construction of the 14.8-kilometer connector road starting at the end of the existing Skyway Stage 1 in Buendia would run through the length of Osmena Highway, Quirino Ave., Paco, Sta. Mesa via the Nagtahan flyovers, traverse Aurora Blvd and Araneta Ave. up to Sgt Rivera Road and end at the bend of A Bonifacio Ave. towards NLEX.
Manila Bulletin, 03 February 2014
By Kris Bayos
Manila, Philippines ‚Äď Travel time from Buendia (Gil Puyat Avenue in Makati) to Balintawak in Quezon City will be shortened from two hours to 20 minutes or even less once the elevated toll road that will connect the North Luzon Expressway (NLEx) to the South Luzon Expressway (SLEx) is completed.
The construction of the elevated tollway will commence as soon as the Toll Regulatory Board (TRB) issues the notice to proceed (NTP) anytime this month.
Citra Central Expressway Corp. (CCEC) said construction of several columns on Osme√Īa Highway will start immediately after the NTP is issued for the Skyway Stage 3.
Skyway Stage 3 is a 14.8-kilometer six-lane elevated expressway that will connect the Buendia end of Skyway Stage 2 in Makati City to Balintawak in Quezon City where NLEx starts.
CCEC said the Department of Environment and Natural Resources (DENR) has already authorized the cutting and balling of trees and seedlings planted along the project alignment from Buendia to the corner of Quirino Avenue.
‚ÄúAfter this activity, the Skyway Stage 3 team will enclose or board-up the project‚Äôs work site which will occupy the center island and two of the five southbound travel lanes along Osme√Īa Highway from F. Torres Street toward Quirino Avenue in Manila and begin its excavation, foundation and column works,‚ÄĚ the CCEC said.
To minimize the public inconvenience that these activities may cause, CCEC added that the Skyway Stage 3 team has started to coordinate with the local government of Manila, its local traffic police force, and the barangays within its jurisdiction and the Metropolitan Manila Development Authority in implementing traffic re-routing and counter-flow, if needed.
‚ÄúAll the safety devices will be put in place and adequate number of traffic personnel will be deployed in the work area to assist motorists. Timely advisories, through signages, broadcast media, leaflets, and social media sites, will also be made,‚ÄĚ the CCEC explained.
The CCEC appealed for public understanding and cooperation among motorists as it promised to keep traffic moving and keep the motorists, commuters, and workers alike safe at all times.
Full-scale construction of the Skyway Stage 3 will start by April and completion is targeted within in 36 months.
Once operational, the Skyway Stage 3 will help decongest the major roads of Metro Manila, particularly Epifanio delos Santos Avenue and Circumferential Road 5 (C5) and reduce travel time from Buendia to Balintawak from two hours to 20 minutes or less.
Skyway Stage 3 project proponent CCEC is a joint venture corporation of Citra Lamtoro Gung Persada and the Philippine National Construction Corporation in partnership with San Miguel Corporation.
GMA News, 03 February 2014
Conglomerate Metro Pacific Investments Corp. may soon get the green light to construct a proposed P18-billion toll road to connect the North Luzon and South Luzon expressways.
Lawyer Edmundo Reyes Jr., TRB executive director, said the board expects to approve the supplemental toll operations agreement for the proposed toll road undertaken by MPIC tollway unit Manila North Luzon Tollways Corp. (MNTC).
He said TRB has already approved the proposed alignment as well as the design of the toll road expects to look into the financial aspect of the project within the first quarter.
‚ÄúIt is still under study by the board. We have to really take our time and study the details,‚ÄĚ Reyes said.
MNTC holds the concession rights to the 84-km-long North Luzon Expressway, one of the main arterial routes north of Manila.
On Jan. 21, MPIC‚Äôs Metro Pacific Tollways Development Corp. (MPTDC) and the state-run Philippine National Construction Corp. (PNCC) signed a joint-venture agreement giving MNTC the green light to implement the connector road project as part of the NLEX Metro Expressway Link.
The newest is Segment 10.2 or the 8-km. connector road from C-3 to Polytechnic University of the Philippines in Sta. Mesa. It also includes a 2.6-kilometer spur road from C-2 to Road 10 leading to the Manila International Container Terminal (MICT) at the Port Area in Manila.
On Jan. 22, President Benigno Aquino III led the groundbreaking for the P27-billion NLEX-SLEX connector road of Citra Central Expressway Corp., a unit of San Miguel Corp.
According to Presidential Decree 1112 that created the TRB, the board has the power ‚Äúto grant authority to operate a toll facility and to issue therefore the necessary ‚ÄėToll Operation Certificate‚Äô.‚ÄĚ
InterAksyon, 03 February 2014
By Darwin G. Amojelar
MANILA – The proponent of an expressway connecting the north and south of Metro Manila expects to get the go signal from the Toll Regulatory Board (TRB) this week to start the construction of the project.
In a statement, Citra Central Expressway Corp said it expects TRB to issue a notice to proceed “within the week.”
Citra Central Expressway is a joint venture between Citra Lamtoro Gung Persada and the Philippine National Construction Corp (PNCC)¬†in partnership with San Miguel Corp (SMC).
After securing a notice to proceed, the company will start construction of several columns along Osmena Highway.
SMC president Ramon S. Ang had said full-scale construction should start by April for completion in 36 months.
He said the project is expected to decongest EDSA by 50 percent and reduce travel time from Buendia in Makati City to Balintawak in Quezon City from two hours to 20 minutes or less.
To minimize the public inconvenience that construction may cause, the Skyway Stage 3 team has started to coordinate with the concerned local government unit — in this case, the City of Manila — its local traffic police force, the barangays within its jurisdiction and the Metro Manila Development Authority for a traffic re-routing and counter flow scheme, if needed.
The P26.7 billion Skyway Stage 3 project involves the construction of a 14.8-kilometer, six-lane elevated expressway that will connect the end of the Skyway in Buendia to Balintawak.
The project has eight access points, namely Buendia, Quirino, Nagtahan, Aurora Boulevard, E. Rodriguez, Quezon Avenue, Sgt. Rivera and Balintawak.
The project, which would link the South Luzon Expressway (SLEX) to the North Luzon Expressway (NLEX), will provide 6,000 direct jobs and an additional 10,000 indirect jobs during construction.
The first stage of the Skyway consisted of a 9.5-kilometer elevated road from Bicutan, Para√Īaque City to Makati, as well as the rehabilitation of the 13.5-kilometer section of the SLEX from Alabang to Magallanes. Stage 2 is a 6.88-kilometer elevated expressway from Bicutan to Alabang.
The Skyway Stage3 is separate from another connector road that Metro Pacific Tollways Development Corp (MPTDC) is pursuing also through a joint venture with state-run PNCC at a cost of P18 billion.
The Segment 10.2 or the NLEX-SLEX Connector Road is an eight-kilometer long road from C3 in Caloocan City to Polytechnic University of the Philippines (PUP) campus in Sta. Mesa. Some portions of this segment will be elevated above the railroad tracks of the Philippine National Road (PNR).
The project is expected to start construction in July this year for completion in 2016.
GMA News, 21 January 2014
The Philippine flagship infrastructure program, the public-private partnership initiative, is starting to pick up pace as San Miguel Corp. breaks ground for the P26.5 billion tollroad linking North Luzon Expressway to South Luzon Expressway.
San Miguel’s Citra Central Expressway Corp. is holding a goundbreaking ceremony Wednesday for the NLEX-SLEX connector road led by President Benigno Aquino III.
Citra Central will start contructing the Metro Manila Skyway Stage 3 project extending the Skyway from Buendia in Makati all the way to Balintawak in Quezon City via a 14.82-kilometer, six-lane elevated expressway, Michael Arthur Sagcal, Department of Transportation and Communications (DOTC) spokesperson, said Tuesday.
‚ÄúThis is part of the DOTC‚Äôs ongoing program to upgrade our transportation infrastructure,‚ÄĚ Sagcal noted. ‚ÄúIt is expected to provide motorists with considerable relief from the traffic situation in Metro Manila,‚ÄĚ he said.
The connector road is envisioned to decongest traffic along historic EDSA (Epifanio Delos Santos Avenue), as well as other major thoroughfares including Quezon Avenue, Araneta Avenue, and Nagtahan by an estimated 55,000 vehicles per day, and shorten travel time from Sen. Gil Puyat Avenue to Balintawak to 20 minutes from two hours.
An estimated P2.4-billion is lost daily on account of traffic in Metro Manila, according to a recent study by the Japan International Cooperation Agency (JICA).
Metro Pacific Investments Corp. (MPIC), the conglomerate led by industrialist Manuel V. Pangilinan, is setting its sights at finishing toll road projects ‚Äď valued at more than P30 billion ‚Äď before President Aquino finishes his term in 2016.
The toll roads include the P1.6-billion Segment 9 and the P10.5 billion Segment 10.1 Harbor Link road and the P18 billion Segment 10.2 of the NLEX-SLEX connector road, said Rodrigo Franco, MPIC‚Äôs Manila North Tollways Corp. president, said at the launching Tuesday of the NLEX Metro Expressway Link projects spearheaded by the MPIC Group
The 2.42-kilometer, four-lane Segment 9 four-lane from the Smart Connect interchange to MacArthur Highway will start in May 2014 and be completed in June 2014, Franco noted.
Segment 10.1, a 5.64 kilometer, four-lane elevated expressway from MacArthur Highway to C-3 will be constructed in March be completed in February 2016
The latest Segment 10.2 is an eight-kilometer Connector Road from C-3 to the Polytechnic University of the Philippines in Sta. Mesa, which includes a 2.6-kilometer spur road from C-2 to Road 10 to the Manila International Container Terminal in Manila’s Port Area.
Segment 10.1. will be partly financed by P7 billion worth Retail Treasury Bonds, which MNTC expects to issue in the first quarter, while the P18-billion Connector Road will be 30 percent financed by shareholders equity and 70 percent by debt, Franco said.
He added that MNTC is also looking at financing the about 70 percent of the P18 billion Connector Road through debt and the remaining 30 percent through equity from shareholders.
Also Tuesday, Franco noted Metro Pacific Tollways Development Corp. and state-run Philippine National Construction Corp. sealed a joint venture that allowed MNTC to commence the Connector Road project.
‚ÄúThe NLEX Metro Expressway Link is designed to enable travelers to vertically breeze through the Metropolis avoiding in the process high density areas mark by perennial traffic jams,‚ÄĚ said Ramoncito Fernandez Metro Pacific Tollways president noted. ‚Äď¬†VS, GMA News