MPIC to revive P50-B bid for C-5 overhead expressway

MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) is planning to resubmit an unsolicited proposal worth P50 billion for an overhead expressway around C-5 in the second quarter. 

Rodrigo Franco, president and CEO of MPIC tollway arm Metro Pacific Tollways Corp., said the group is looking to resubmit the proposal next quarter to the Department of Public Works and Highways (DPWH). 

“We need to resubmit to DPWH because we submitted it before to the TRB (Toll Regulatory Board). The decision of TRB is to process it through DPWH,” he said. 

He said the proposal has a preliminary value of P50 billion and would cover 20-kilometers.

“It will be from Segment 8.2 going to Commonwealth, from that area going South,” he said. 

The project could be implemented over a period of four years. 

“The objective is to connect C-5 to CAVITEX (Manila-Cavite Expressway),” Franco said. 

MPIC currently operates the CAVITEX, as well as other tollways such as the North Luzon Expressway and the Subic-Clark-Tarlac Expressway. 

The infrastructure conglomerate is undertaking other toll road projects such as the Cavite-Laguna Expressway and Cebu-Cordova Link Expressway. 

Aside from tollways, MPIC is involved in rail, water, power, hospitals and logistics.