MVP Group pitches P20B Tondo-Cavitex tollroad
NLEX Corp. plans to submit an unsolicited proposal to build a P20 billion elevated tollroad that will connect Tondo Manila to the existing Manila-Cavite expressway.
“The alignment is not yet final, but the estimated cost of the project I guess is around P20 billion,” said NLEX president Rodrigo Franco.
The company is currently constructing the extension of NLEX Harbor Link from C3 Road in Caloocan City to R10 in Tondo, Manila, which is targeted for completion by end of the year.
NLEX is also building a P23.2 billion toll road that will link the North Luzon Expressway and South Luzon Expressway by the fourth quarter of the year.