Lopez wins road deal in Cebu

  • Page Views 555
  • First Philippine Holdings Corp., the listed investment company of the Lopez group, said Monday a joint venture that includes its construction unit bagged a P22.6-billion contract to build an 8.5-kilometer expressway in Cebu.

    Cebu Link Joint Venture, which consists of Acciona Construccion S. A. of Spain, First Balfour Inc. of the Lopez group and D.M. Consunji Inc., won the design and build contract awarded by a unit of Metro Pacific Tollways Corp. for the Cebu-Cordova Link Expressway, a bridge project that will connect Cebu City to the municipality of Cordova in the island of Mactan. 

    Cebu Cordova Link Expressway Corp., a subsidiary of MPTC, issued the notice of award to Cebu CLJV.  MPTC is the toll road arm of Metro Pacific Investments Corp.

    “We are delighted to be part of this landmark project. We have put together a very experienced team, and are looking forward to working closely together with the customer to deliver a new toll bridge that will benefit both local communities and the Philippines,” Acciona’s Ruben Camba, representing CLJV, said.

    “We are very confident that we can deliver a quality state-of-the-art bridge that will provide not just travel efficiency but also drive economic growth and productivity in the entire Visayas region, and improve the overall welfare of the Cebuanos,”Allan Alfon, CCLEC president and general manager, said.

    MPTC president Rodrigo Franco said with the project, the company would bring to Cebu and the Visayas its expertise in building and operating world-class highways and bridges to create more opportunities and spur economic growth.

    MPTC is the largest toll road concessionaire and operator in the Philippines that has now expanded its business to other Asean countries including Thailand, Vietnam and Indonesia. CCLEX is the first of MPTC’s envisioned toll road expansion projects in Visayas and Mindanao.

    CCLEC will build, operate and maintain the toll bridge through a joint venture agreement with the local governments of Cebu City and Cordova municipality. 

    CCLEX will have two lanes in each direction and will feature the main navigation span bridge, along with viaduct approach bridges, a causeway, roadway and toll facilities. 

    The span of the bridge allows for shipping traffic and the link is expected to serve at least 40,000 vehicles daily. 

    It will give Cordova direct access to Cebu City and is expected to decongest the traffic in the two existing bridges connecting Mactan and Cebu. (TMS)

    Share

    New Posts Recently publish post More

    • 19 November 2018
      1 hour ago No comment

      The Girl in the Spider’s Web

      Trapped! Danger lurks behind just about every door in Sony’s release of The Girl in the Spider’s Web. Sure this film is not as devastating as the original Swedish classic penned by Stieg Larsson that set the literary world ablaze but still this new version packs quite the wallop. ...

    • 17 November 2018
      2 days ago No comment

      PH wins cigarette case vs Thailand

      The World Trade Organization (WTO) last Monday issued a compliance panel report regarding Thai measures on imported cigarettes and concluded Thailand has failed to implement the recommendations and rulings of the DSB to bring its measures into conformity with its obligations under the customs valuation agreement (CVA) and the ...

    • 17 November 2018
      2 days ago No comment

      NorthPhil poised to shine at tourism expo in Clark

      The entire North Philippines – from Central Luzon to the Cordillera Administration Region – is poised to draw global interest as it top bills a grand and colorful tourism extravaganza on Nov. 16-18 in SM City Clark where the bests of the bests in the region go center stage ...

    • 17 November 2018
      2 days ago No comment

      Palay production seen going down in 2018

      The Philippines’ palay production is seen to go down within the last three months of the year amid the onslaught of typhoons in some of the country’s major rice producing areas. Based on the outlook released by Philippine Statistics Authority (PSA) on Tuesday, the probable rice production for October ...

    • 16 November 2018
      3 days ago No comment

      Businesses and communities across Canada to benefit from increased immigration

      Ottawa, ON—The Honourable Ahmed Hussen, Minister of Immigration, Refugees and Citizenship, announced the new multi-year immigration levels plan for 2019-2021. This new immigration plan will benefit all Canadians because immigrants contribute to Canada’s economic growth and help keep Canada competitive in a global economy. The new plan builds on ...

    %d bloggers like this: