North Luzon Expressway Expansion Project

active

Prospective

A unit of Metro Pacific Investments Corp. (MPIC) is set to begin work for the $55.1 million (P2.6 billion) North Luzon Expressway (NLEX) road widening project. MNTC is a subsidiary of Metro Pacific Tollways Corp., the toll road arm of MPIC. MNTC, builder and concessionaire of NLEX, will start a $55 million (P2.4 billion) Segments 2 (Sta. Rita to San Fernando) and 3 (Dau to Sta. Ines) road-widening project t to accommodate the growing number of vehicles plying this key 93-km tollway that connects Metro Manila to Central and Northern Luzon. Dau-Sta. Ines segment has been converted into a two-lane, two-way road from being a one-lane, one-way route. The cost of this segment is P235 million (approximately $5 million). Segment 2 road widening project – which expands the 2-lane portion between Sta. Rita and San Fernando to 3 lanes in each direction is estimated to cost P2.2 billion. There is no detailed document on financing structure but MNTC earlier sealed a 10-year fixed rate term loan facility agreement worth $106 million (P5 billion) with Union Bank of the Philippines to support expansion projects and debt financing. http://www.mntc.com/news-and-events/mntc-to-start-p2-6-b-nlex-road-widening-project-this-month http://www.philstar.com/business/2016/02/15/1553012/mpic-set-begin-p2.6-b-nlex-expansion MNTC earlier sealed a 10-year fixed rate term loan facility agreement worth P5 billion with Union Bank of the Philippines to support expansion projects and debt financing.

Transport

World Bank Group

Project

Mass Transit, Road, Government, Automotive