NEDA approval for CTBEX seen early 2020
The Department of Public Works and Highways is hopeful the P22.4 billion Cavite-Tagaytay-Batangas Expressway project by Metro Pacific Tollways Corp. (MPTC) will get cleared by the National Economic and Development Authority board in the first quarter of 2020.
“There’s no guarantee but I think we can get it in the first quarter next year,” Public Works Secretary Mark Villar said.
MPTC secured original proponent status for CTBEX, a 50.4 kilometer expressway that will connect Cavite with a spur road to Tagaytay City. The tollroad will terminate in Nasugbu, Batangas.
The project is seen to decongest about 23,000 vehicles daily from existing thoroughfares.
MPCALA Holdings, a subsidiary of MPTC, is also constructing the P35-billion Cavite-Laguna Expressway―a four-lane, 47-kilometer closed-system toll expressway connecting Cavitex and South Luzon Expressway.
The expressway will start from Cavitex in Kawit, Cavite and end at SLEX-Mamplasan Interchange in Biñan, Laguna.
MPTC operates the North Luzon Expressway, Subic-Tarlac Expressway, and Manila-Cavite Toll Expressway.