Posts Tagged ‘NLEX-SLEX Connector Road Project’

Metro Pacific plans to take a ‘break’ from PPP bidding

Manila Standard Today, 12 June 2014

By Lailany P. Gomez

 

Metro Pacific Investments Corp. will likely “take a break” from bidding for more government infrastructure projects, if it wins the contract to construct and operate the P35.42-billion Cavite-Laguna Expressway, its top official said Wednesday.

Metro Pacific chairman Manuel Pangilinan said the decision to take part in other public-private partnership projects would depend on the result of the auction for the Cavite-Laguna Expressway.

“I think it partly depends on the outcome of the Cala bidding. If we won in the bidding, it would be a big commitment because our bid for the [Light Rail Transit Line 1] is big already, plus, the Cala that is another large project. So we might have to pause and digest those two projects,” Pangilinan said.

AF Consortium, a joint venture between Metro Pacific and Ayala Corp., first won the contract for the P1.72-billion automatic fare collection system.  The consortium offered the government a premium payment of P1.088 billion.

The AFCS project will complement the P65-billion LRT Line 1 Cavite Extension project, where Metro Pacific and Ayala’s Light Rail Manila Consortium emerged as the only bidder which offered the government P9.35 billion in concession fee.

The Cavite extension project will extend the existing 20.7-km LRT Line 1 system, which runs from Roosevelt Avenue in Quezon City to Baclaran in Parañaque, by an additional 11.7 km southward to Bacoor, Cavite.

Metro Pacific to ‘slow down’ on PPP projects

Rappler, 12 June 2014

 

Sure to get the LRT Cavite extension project and hopeful to bag the Cavite-Laguna expressway project, the listed company ‘might have to pause and digest those two projects’

MANILA, Philippines – Metro Pacific Investments Corporation (MPIC) is set to slow down its uptake on public private partnership (PPP) projects to focus on current, major infrastructure developments.

The listed company will instead concentrate on big-ticket projects, like the P65-billion ($1.5 billion) Light Rail Transit Line 1 (LRT-1) Cavite extension project, MPIC chairman Manuel Pangilinan told reporters Wednesday, June 11.

MPIC is also hopeful to win the proposed P35.4-billion ($808.8 million) Cavite-Laguna expressway (Calax) project of the Department of Public Works and Highways (DPWH).

“So we might have to pause and digest those two projects,” Pangilinan said.

MPIC, through MPCALA Holdings, is one of the 4 pre-qualified bidders for the Calax expressway project.

On Wednesday, San Miguel Corporation’s bid for Calax was disqualified by DPWH for not complying with the bidding rules, particularly on the validity of its bid security, after MPIC and two other bidders raised questions.

MPIC’s Calax offer, along with the financial bids of Malaysia’s Alloy MTD Philippines and Team “Orion” of conglomerate Ayala Corporation and Aboitiz Group, is scheduled for opening Friday, June 13.

“I think it partly depends on the outcome of the Calax bidding. If we are fortunate enough to win the project, we will have a large commitment because of the LRT-1 project,” Pangilinan said.

Other tollroad projects

On June 5, MPIC-led Light Rail Manila Consortium, the sole bidder, offered P9.35 billion ($43.8 million) to undertake the LRT-1 Cavite extension project.

MPIC leads the consortium with 55% stake; Ayala’s AC Infrastructure Holdings Corporation, 35%; and Macquaire Infrastructure Holdings (Philippines) Pte. Ltd., 10%.

The consortium’s offer would still have to be scrutinized by the National Economic and Development Authority-Investment Coordination Committee (NEDA-ICC) and the NEDA board chaired by President Benigno Aquino III.

Pangilinan added the company’s tollways units are also pursuing major expansion projects not only in the Philippines but also in Southeast Asia.

“So the plate of the tollways group is full,” Pangilinan said.

MPIC owns the Metro Pacific Tollways Corporation (MPTC), Manila North Tollways Corporation (MNTC), and Cavitex Infrastructure Corporation (CIC).

MPIC’s tollways group operates the 90-km North Luzon expressway (NLEX), the 14-km Manila Cavite toll expressway (Cavitex), and the 88-km Subic-Clark-Tarlac expressway (SCTEX).

MPIC’s tandem with Ayala, through the AF Consortium, also bagged the P1.72-billion ($39.2-milllion)automated fare collection system (AFCS), the Metro Rail Transit (MRT) and Light Rail Transit (LRT) ticketing project.

The company is also looking at several tollroad projects in Thailand, Indonesia, and Vietnam, Pangilinan added.  Rappler.com

 

MPIC considering PPP hiatus

Business World, 11 June 2014

By Chrisee J.V. dela Paz

 

METRO Pacific Investments Corp. (MPIC) Chairman Manuel V. Pangilinan said on Tuesday that the company may sit out the next few public-private partnership (PPP) contracts if it finds itself committed to two major infrastructure projects south of Manila.

MPIC is in a consortium with Ayala Corp. that emerged as the sole bidder for the P64.9-billion Light Railway Transit Line 1 (LRT-1) Cavite Extension, and is one of four bidding groups competing for the P35.42-billion Cavite-Laguna Expressway (CALAX) project.

“We might need to pause investing in PPPs… It partly depends on the outcome of the CALAX bidding because if we win, there will be a big commitment. Also, the bid in LRT-1 is somehow big, so it will be hard to digest,” Mr. Pangilinan told reporters on the sidelines of an annual shareholders’ meeting in Makati City.

The LRT-1 project covers the rehabilitation of the existing 21-kilometer line — Metro Manila’s first light railway — and a 11.7-kilometer expansion from its Baclaran terminus to Bacoor in Cavite. The contract includes a 32-year concession to operate and maintain the line.

The CALAX contract involves the financing, design and construction, as well as operation and maintenance of a four-lane, 47-kilometer tolled expressway connecting the Manila-Cavite Expressway (CAVITEx) and South Luzon Expressway (SLEx). The road will run from the CAVITEx end in Kawit, Cavite to the SLEx-Mamplasan Interchange in Biñan, Laguna.

Mr. Pangilinan also said at the same event that the group’s proposed P18-billion North Luzon Expressway-South Luzon Expressway (NLEx-SLEx) Connector Road project is still “in documentation.”

Malacañan Palace has to approve the Supplemental Toll Operations Agreement before Manila North Tollways Corp. starts building the NLEx-SLEx Connector Road, which is the Segment 10.2 of the NLEx.

The Connector Road is an eight-kilometer link from C-3 in Caloocan City to the Polytechnic University of the Philippines (PUP) campus in Sta. Mesa, Manila. Parts of the segment will be elevated above the rail lines of the Philippine National Railways.

The five-kilometer common alignment from PUP to Buendia in Makati City is to be financed by Citra Metro Manila Tollways Corp.

After the construction, MPIC unit Manila North Tollways Corp. is to be reimbursed part of the cost of the common alignment and will take a 37.5% share of the revenue, with Citra taking the remaining 62.5%.

MPIC’s net income grew 28.3% year on year to P3.469 billion in the first quarter. Its operating revenue — from water and sewage services, tollways, hospitals and schools — rose 10.9% to P8.177 billion, while cost of sales and services rose 12.0% to P3.022 billion.

Shares of MPIC closed at P5.25 yesterday, down by four centavos or 0.76%.

MPIC is one of three Philippine units of Hong Kong’s First Pacific Co. Ltd., the others being Philippine Long Distance Telephone Co. (PLDT) and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld.

 

NLEX Harbor Link Segment 10 to start construction

The Philippine Star, 08 May 2014

 

MANILA, Philippines – Construction of the 5.65-kilometer Segment 10, the second and last component of the NLEX Harbor Link, will start this month with the signing of the civil works construction contract between the Manila North Tollways Corp. (MNTC) and Leighton Contractors (Asia) Limited. Segment 10 will be an elevated roadway connecting Segment 9 at  MacArthur Highway in Malinta, Valenzuela City to C3 Road (5th Avenue) in Grace Park, Caloocan City.

MNTC is the builder and concessionaire of the NLEX while Leighton is an internationally known construction company previously engaged by MNTC for the 84- kilometer NLEX mainline and 2.7-km NLEX Mindanao Avenue Link Segment 8.1.

To be completed in 2016, the P10.5-billion NLEX Harbor Link Segment 10 will provide a more convenient expressway route to the port areas. It will improve movement of cargo and allow more trips for cargo trucks as they will be freed from the truck ban.

Segment 10 will also help decongest Metro Manila as it will offer motorists another alternative to the NLEX, apart from EDSA/Balintawak and Mindanao Avenue. Cargo trucks, buses and commercial vehicles do not need to use Metro Manila’s congested streets to access the NLEX. About 30,000 vehicles daily are expected to benefit from the new expressway.

MNTC president Rodrigo Franco said “Segment 10 is part of our expansion program geared towards connecting the NLEX to key areas in Metro Manila with the ultimate goal of providing convenience to motorists and promoting commerce in the metropolis and nearby provinces.”

Meanwhile, construction of the first segment of the NLEX Harbor Link, the 2.4-km Segment 9, is in full swing. Upon completion, Segment 9 will directly connect Mindanao Avenue in Quezon City to MacArthur Highway in Valenzuela City. The P1.59-billion road segment is scheduled to begin commercial operations by the third quarter of the year.

Both Segments 9 and 10 of the NLEX Harbor Link were certified by the National Economic and Development Authority as “infrastructure projects under the public-private partnership (PPP) program of the Aquino government.

 

Work on P10-b Nlex Harbor Link gets under way

Manila Standard Today, 08 May 2014

 

Construction of the 5.65-kilometer Segment 10, the second and last component of the NLEX Harbor Link, will start this month with the signing of the civil works construction contract between the Manila North Tollways Corporation (MNTC) and Leighton Contractors (Asia) Limited. Segment 10 will be an elevated roadway connecting Segment 9 at  MacArthur Highway in Malinta, Valenzuela City to C3 Road (5th Avenue) in Grace Park, Caloocan City.

MNTC is the builder and concessionaire of the NLEX while Leighton is an internationally known construction company previously engaged by MNTC for the 84- kilometer NLEX mainline and 2.7-km NLEX Mindanao Avenue Link Segment 8.1.

To be completed in 2016, the P10.5-billion NLEX Harbor Link Segment 10 will provide a more convenient expressway route to the Port areas. It will improve movement of cargo and allow more trips for cargo trucks as they will be freed from the truck ban.

Segment 10 will also help decongest Metro Manila as it will offer motorists another alternative to the NLEX, apart from EDSA/Balintawak and Mindanao Avenue.  Cargo trucks, buses and commercial vehicles do not need to use Metro Manila’s congested streets to access the NLEX.  About 30,000 vehicles daily are expected to benefit from the new expressway.

MNTC President Rodrigo Franco said “Segment 10 is part of our expansion program geared towards connecting the NLEX to key areas in Metro Manila with the ultimate goal of providing convenience to motorists and promoting commerce in the metropolis and nearby provinces.”

Meanwhile, construction of the first segment of the NLEX Harbor Link, the 2.4 km Segment 9, is in full swing.  Upon completion, Segment 9 will directly connect Mindanao Avenue in Quezon City to MacArthur Highway in Valenzuela City. The P1.59-billion road segment is scheduled to begin commercial operations by the third quarter of the year.

 

Construction of NLEX Harbor Link Segment 10 starts this month

Manila Bulletin, 07 May 2014

 

Construction of the 5.65-kilometer Segment 10, the second and last component of the NLEX Harbor Link, will start this month with the signing of the civil works construction contract between the Manila North Tollways Corporation (MNTC) and Leighton Contractors (Asia) Limited.

Segment 10 will be an elevated roadway connecting Segment 9 at  MacArthur Highway in Malinta, Valenzuela City to C3 Road (5th Avenue) in Grace Park, Caloocan City.

MNTC is the builder and concessionaire of the NLEX while Leighton is an internationally known construction company previously engaged by MNTC for the 84-kilometer NLEX mainline and 2.7-km NLEX Mindanao Avenue Link Segment 8.1.

To be completed in 2016, the P10.5-billion NLEX Harbor Link Segment 10 will provide a more convenient expressway route to the Port areas. It will improve movement of cargo and allow more trips for cargo trucks as they will be freed from the truck ban.

Segment 10 will also help decongest Metro Manila as it will offer motorists another alternative to the NLEX, apart from EDSA/Balintawak and Mindanao Avenue.  Cargo trucks, buses and commercial vehicles do not need to use Metro Manila’s congested streets to access the NLEX.  About 30,000 vehicles daily are expected to benefit from the new expressway.

MNTC President Rodrigo Franco said “Segment 10 is part of our expansion program geared towards connecting the NLEX to key areas in Metro Manila with the ultimate goal of providing convenience to motorists and promoting commerce in the metropolis and nearby provinces.”

Meanwhile, construction of the first segment of the NLEX Harbor Link, the 2.4 km Segment 9, is in full swing.  Upon completion, Segment 9 will directly connect Mindanao Avenue in Quezon City to MacArthur Highway in Valenzuela City. The P1.59-billion road segment is scheduled to begin commercial operations by the third quarter of the year.

Both Segments 9 and 10 of the NLEX Harbor Link were certified by the National Economic and Development Authority as “infrastructure projects under the public-private partnership (PPP) program of the Aquino government.  These projects are also included as priority infrastructure projects in the 2013-2016 Comprehensive and Integrated Infrastructure Program (CIIP) submitted by the Toll Regulatory Board.”

“We want to bring the traditional NLEX experience of safe and speedy travel to the motorists who will be using Harbor Link. We, therefore, guarantee them the same seamless travel they enjoyed at the NLEX main,” Franco added.

The NLEX Harbor Link Segment 10 is the third venture between MNTC and Leighton.

Under the contract, Leighton will put up the foundations, substructures, and superstructures for the 2×2 lane elevated expressway to be constructed overhead of the existing railroad of Philippine National Railways.

 

Connector road project up for approval

Business World, 29 January 2014

By Lorenz Christoffer S. Marasigan

 

THE GOVERNMENT plans to approve the contract to build a tollway connector road this quarter, an official said.

Of the P18-billion Connector Road Project of Manila North Tollways Corp., the government has already approved the project alignment and design components, Toll Regulatory Board (TRB) Executive Director Edmundo O. Reyes said.

The financial component remains to be cleared. Mr. Reyes explained: “We have to study first the financial submission, then, after that, approve it (the project).”

Last December, MNTC, the concessionaire of the North Luzon Expressway (NLEx), submitted its investment proposal to the toll body, asking for an amendment of the existing Supplemental Toll Operations Agreement (STOA).

“We’re targeting a first quarter approval for the STOA itself,” Mr. Reyes noted.

MNTC President and Chief Executive Officer Rodrigo E. Franco said via text message that the firm plans to start constructing the road linkage project by July, if the contract should be approved by the first quarter of the year.

The amended agreement will allow the concessionaire to link its three road projects without the need to form a new contract.

The connector road, or Segment 10.2, is an eight-kilometer mainline road that will run from C-3 Road in Caloocan City to Polytechnic University of the Philippines in Sta. Mesa, Manila. It will also have 2.6-km port area spur road from C-2 Road to R10 in Tondo, Manila.

Under the amended agreement, Segment 10.2 will be linked to the P11.9-billion two-segment Harbor Link Project.

That project consists of a P1.9-billion, 2.4-km road linking NLEx to MacArthur Highway and a P10-billion, 5.65-km road from Mindanao Avenue, Quezon City, to Manila North Harbor.

The three projects, now collectively called the NLEx Metro Expressway Link, have an aggregate cost of P30 billion.

The project will be funded through 70% debt and 30% equity, Metro Pacific Tollways Corp. (MPTC) Chief Financial Officer Christopher Daniel C. Lizo said.

MPTC is a subsidiary of Metro Pacific Investments Corp., the local unit of Hong-Kong-based First Pacific Co. Ltd., which, in turn, is part-owner of Philippine Long Distance Telephone Company.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld.

 

GOV’T SETS OKAY OF TOLL AGREEMENT BY THIS QUARTER

Malaya, 29 January 2014

 

The Toll Regulatory Board (TRB) targets to approve this quarter the revised Supplemental Toll Operation Agreement (STOA) to meet the scheduled start in construction of the P18-billion North and South connector road of the  Manila North Tollway Corp. (MNTC)

NTC major shareholders Metro Pacific Tollways Development Corp., (MPTDC) and the Philippine National Construction Corp (PNCC) recently signed a joint venture agreement to revised the STOA  subject to TRB approval. The proponents want to start  construction in July this year.
“We’re targeting first quarter approval for the STOA,” said Edmundo Reyes Jr., executive director of the  TRB.
Reyes said the agency has approved the NLEX-SLEX connector road alignment and basic design
He said the TRB is now in the process of the third approval phase which is the financial.
He said the TRB is  studying the details of the financial submitted by the consortium which is expected to be completed in the first quarter .

TRB eyes 1Q approval of NLEX-SLEX Connector Road Project

InterAksyon, 29 January 2014

By Darwin G. Amojelar

 

MANILA – The Toll Regulatory Board (TRB) expects to approve the amended toll agreement of Manila North Tollways Corp (MNTC) for the expressway linking north and south of Metro Manila within the first quarter of the year.

TRB executive director Edmund Reyes told reporters that the agency’s board already approved the “important items” of the project, such as the alignment and the design of the road in meeting last month.

“So, the next item is the financial. We are now studying the financial submissions. We are targeting a first quarter approval for the STOA,” Reyes said, referring to the Supplemental Toll Operations Agreement.

Metro Pacific Tollways Development Corp (MPTDC), the key shareholder of MNTC, had submitted an investment proposal for the P18 billion NLEX-SLEX Connector Road Project.

Under the amended STOA, the NLEX-SLEX Connector Road, which will be called Segment 10.2, would be integrated to Segment 10.1, a 5.65-kilometer road that starts where Segment 9 ends on MacArthur Highway and stretches all the way to C3 Road.

Segment 9 is a 2.4-kilometer portion linking the NLEX to MacArthur Highway. The three projects would now be called NLEX Metro Expressway Link Project.

The P1.59-billion Segment 9 is expected to be completed in June, while the

Segment 10.1 in March.

Segment 10.2 is an eight-kilometer long road from C3 in Caloocan City to Polytechnic University of the Philippines (PUP) campus in Sta. Mesa, Manila. Some portions of this segment will be elevated above the railroad tracks of the Philippine National Road (PNR).

The five-kilomenter common alignment from PUP to Buendia in Makati City would be financed by Citra Metro Manila Tollways Corp.

After the construction, MPTDC  would be reimbursed part of the cost of the common alignment and the revenue sharing would  be 62.5 percent for Citra and 37.5 percent for MPTDC.

MNTC, which operates NLEX, has sealed a joint venture with state-owned Philippine National Construction Corp (PNCC) – a move meant to facilitate construction of the NLEX-SLEX Connector Road Project.

PNCC is the holder of the NLEX franchise, which MNTC manages on behalf of the government.

Rodrigo Franco, president of MNTC said the company expects to start the construction of the connector road by July this year and complete it in 2016.

The P26.7 billion Skyway Stage 3 project, which involves the construction of a 14.8-kilometer, six-lane elevated expressway that will connect the end of the Skyway in Buendia to Balintawak, is expected to start in April for completion in 36 months or by the first quarter of 2017.

But San Miguel Corp (SMC) president Ramon S. Ang had said the company will try its best to complete the project by June 2016. SMC is part owner of Citra Metro Manila.

InterAksyon.com is the online news portal of TV5, which like MNTC and MPTDC is a member of the MVP group of companies.

 

MVP group jacks up stake in NLEx operator

Philippine Daily Inquirer, 14 January 2014

By Miguel R. Camus

 

The group of businessman Manuel V. Pangilinan has increased its stake in the company operating North Luzon Expressway after buying portion of France-based Egis Projects SA’s holdings, a filing to the stock exchange showed on Monday.

Metro Pacific Investments Corp. said its indirect stake in NLEx operator Manila North Tollways Corp. would increase to 71 percent following the acquisition of Egis’ 3.9 percent stake for P1.42 billion.

Egis, which reportedly wanted to reduce its holdings in the company, will continue to own about 9 percent of Manila North Tollways. Other major shareholders of the tollway operator are Henry Sy’s BDO Unibank Inc. and Philippine National Construction Corp.

The transaction, which was done through Metro Pacific’s tollroad arm Metro Pacific Tollways Corp., was completed after Pangilinan’s group exercised its right of first refusal to the shares of Egis.

This is the latest toll road deal for Metro Pacific, which has been eyeing acquisitions in the Philippines and overseas.

Last year, it participated in the acquisition of a minority stake in Thailand’s Don Muang Tollway Public Company Ltd., which has a 27-year concession ending in 2034 to operate a 21.9-kilometer elevated toll road that runs from central Bangkok to the northern part of the city.

Metro Pacific and parent First Pacific Co. Ltd. formed joint venture firm FPM Infrastructure Holdings Ltd., split 75-25 between them, respectively, to acquire 29.45 percent of Don Muang Tollway for P5.8 billion.

It was also open to further increasing its investment in the Thai tollroad company, Metro Pacific chief financial officer David Nicol said earlier.

The acquisition comes as Metro Pacific Tollways pursues the organic expansion of its existing tollroad amid a difficult regulatory environment.

The unit, for example, remains in long-running discussions with the government for the turnover of the 93.7-km Subic Clark Tarlac Expressway. It is also in negotiations with the government to start an elevated connector road linking NLEx to the South Luzon Expressway, operated by rival San Miguel Corp. and Indonesia’s Citra Group.