Connect with us

Hi, what are you looking for?

News

Silang gov’t helps hasten completion of CALAX Silang-Aguinaldo

MPCALA Holdings, Inc., a unit of Metro Pacific Tollways Corp. (MPTC), on Sunday said the municipality of Silang in Cavite is helping the company in fast-tracking the right-of-way acquisition for the Silang (Aguinaldo) Interchange of the Cavite-Laguna Expressway (CALAX) project.

The completion of the Silang (Aguinaldo) Interchange of the P35.7-billion CALAX is expected by the first quarter of the year, MPCALA said in a statement to BusinessWorld on Sunday.

“That is the hope, to open sometime March or April depending on the Department of Public Works and Highways’ (DPWH)  propensity” to get the land, the company said.

It noted that Silang Mayor Kevin A. Anarna is trying to prepare his town “for both tourism and investments.” The Silang municipality is “helping us,” the company added.

The DPWH earlier said that a private company was demanding P50 million to P60 million — higher than the P16 million valuation of the agency — in compensation for the parcel of land that is critical to the completion of the CALAX Silang (Aguinaldo) Interchange.

“We are very willing to help MPCALA and the national government to fast-track the opening of the CALAX Silang (Aguinaldo) Interchange,” Mr. Anarna said in a statement.

The road section, which is now 64% finished, was scheduled for completion in the third quarter of 2022.

The fifth of the eight segments of the 45-kilometer CALAX spans 3.9 kilometers, with 2×2 lanes from Silang East Interchange to Aguinaldo Highway.

According to the DPWH, the entire project is expected to provide efficient transport facilities for the ecozones in Cavite and Laguna.

It is also seen to reduce traffic congestion, particularly on Governor’s Drive, Aguinaldo Highway and Sta. Rosa-Tagaytay Road, and boost the competitiveness of Region IV-A or CALABARZON (Cavite, Laguna, Batangas, Rizal, and Quezon) as an investment destination.

Once fully operational, the project is expected to cut travel time between the Manila–Cavite Expressway and the South Luzon Expressway to 45 minutes from the current 2.5 hours.

MPTC is the tollways unit of Metro Pacific Investments Corp., which is one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

Bed Bath & Beyond Inc. said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy....

News

REUTERS After a robust start to the year, the Philippine stock market is losing steam, as investors worry rising inflationary pressures and higher interest...

Editor’s Pick

<?xml encoding=”utf-8″ ??> A senior Bank of England policymaker has warned the central bank could be forced to keep raising interest rates to prevent...

News

The New York Stock Exchange (NYSE) on Monday said it plans to reimburse investors who incurred losses due to a trading glitch last month that caused widespread confusion and resulted...

News

WASHINGTON – Boeing Co. expects to cut about 2,000 white–collar jobs this year in finance and human resources through a combination of attrition and layoffs, the US airplane maker confirmed Monday. Last month, the Arlington, Virginia-based company announced it would hire...

News

L FILIPE C SOUSA-UNSPLASH WASHINGTON – Many airlines will be unable to meet looming US deadlines to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference, the world’s biggest airline trade...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.