Connect with us

Business and Economy

Joint venture bags P22.5-B Cebu expressway project

Published

on

MANILA — A subsidiary of Metro Pacific Tollways Corp. (MPTC) has awarded the PHP22.6-billion design-and-build contract of the 8.5-kilometer Cebu-Cordova Link Expressway (CCLEX) to Cebu Link Joint Venture (CLJV).

Cebu Cordova Link Expressway Corporation (CCLEC), a subsidiary of the toll road arm of publicly-listed Metro Pacific Investments Corporation (MPIC), issued last month the notice of award for the bridge project to CLJV.

CLIV is a joint venture of Spain-based Acciona Construccion S. A. and Philippine-based First Balfour Inc. and D. M. Consunji Inc.

The much-anticipated bridge project that will connect Cebu City to the Municipality of Cordova in the island of Mactan is the first of MPTC’s envisioned toll road expansion projects in Visayas and Mindanao.

“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,” CCLEC President and General Manager Allan Alfon told the local bourse.

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

Acciona’s Ruben Camba, representing the CLJV, said: “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.”

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

The project is envisioned to decongest the traffic in the two existing bridges between Mactan and Cebu.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Headline2 weeks ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline3 weeks ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline1 month ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline2 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...

Headline3 months ago

Celebrating The Spirit Of Christmas

For many people, Christmas is the loneliest time of the year — it could be due to the fact that...

Headline3 months ago

Fun Facts About Christmas

It’s definitely beginning to look and smell a lot like Christmas! The beautiful thing about Christmas is that it’s mandatory...

Lifestyle3 months ago

How To Keep The Music Playing

You and your partner or spouse have been in a long-term relationship. Somehow, over the years, the fizz has fizzled...

Headline3 months ago

Declutter Your Life

There will be days when we feel like too much is going on around us — too much unnecessary noise...

Health4 months ago

A Healthy Mind Matters

Like the rest of the world, I was deeply saddened and shocked when I read that TikTok influencer, Emman Atienza...

Columns5 months ago

We Are The Circle We Choose

There is a famous Japanese proverb that rings so true in our lives: “When the character of a man is...