Tuesday 16 October
Powered by Ajaxy
Jun 12, 2018 @ 17:27

MVP Group to obtain P18B loans to fund Cavite-Laguna Expressway

 

A unit of Metro Pacific Tollways Corp. is close to signing an P18 billion term loan facility with lenders, raising funds for the construction of the Cavite-Laguna expressway project (CALAX).

“Were hoping to close by June or July,” said MPTC president Rodrigo Franco.

MPCala Holdings earlier tapped Leighton Holdings of Australia to build the Cavite side, while local contractor DMCI Consunji Inc. will construct the Laguna side.

The P34.5 billion CALAX is a 44.6 kilometer, fourmlane tollroad between the Cavite Expressway in Kawit, Cavite and the South Luzon Expressway-Mamplasan Interchange.

MPCALA will operate and maintain CALAX for 35 years.

Construction is targeted to be completed by 2020, while operations and maintenance are set from 2020 to 2050.

Please follow and like us:

Tags: , , , , , ,

Related Stories
A subsidiary of Metro Pacific Investments Corp. expects to obtain original proponent status from the
Keen to put an end to the overhang of issues, the Department of Transportation and
A unit of Metro Pacific Tollways Corp. is set to submit to the Toll Regulatory
The Department of Public Works and Highways expects to issue within the month a decision


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.