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Cavite-Laguna Expressway (CALAX)

Sector: Commercial • Location: Philippines

Source: World Bank Group

Project
Active

The project involves the the development of the new Cavite-Laguna Expressway (CALAX), an entire 4-lane, 44.63 km closed-system tolled expressway connecting the Bacoor and Kawit, Cavite areas (CAVITEX), with the Laguna and South Luzon Expressway (SLEX) in the Republic of the Phillipines.

The road will be developed under a 35-year Build-Transfer-and-Operate (BTO) concession and will be developed by

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The project “Cavite-Laguna Expressway (CALAX)” is an infrastructure initiative in the Commercial sector, located in Philippines. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project involves the the development of the new Cavite-Laguna Expressway (CALAX), an entire 4-lane, 44.63 km closed-system tolled expressway connecting the Bacoor and Kawit, Cavite areas (CAVITEX), with the Laguna and South Luzon Expressway (SLEX) in the Republic of the Phillipines. The road will be developed under a 35-year Build-Transfer-and-Operate (BTO) concession and will be developed by MPCALA Holdings (Metro Pacific Investments Corporation). The total cost of the project is PHP55.0 billion (USD1,046 million) and a total of PHP24.2 billion will be sourced from local banks, while the balance will be funded through equity. Construction is expected to be completed by 2020, while operations and maintenance would be from 2020 to 2050. https://ijglobal.com/Transaction/16236 https://pia.gov.ph/news/articles/1016837 http://www.businessmirror.com.ph/mpic-begins-construction-of-%E2%82%A734-5-b-calax-highway/ http://ppp.gov.ph/?ppp_projects=cavite-laguna-expressway

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