Business

NEDA board nod seen for P22B CTBEX

The planned P22.4-billion Cavite-Tagaytay-Batangas Expressway may soon obtain the approval of the National Economic and Development Authority board.

“Were looking to expedite the CTBEx with the NEDA. In fact, I’m talking with NEDA Secretary [Karl] Chua to fast track all the necessary information, said Public Works Secretary Mark Villar.

“We would like to expand the road network in the south,” he added.

Once it gets the green light from the NEDA board, the CTBex will undergo a Swiss Challenge, under which other companies can bid for the project, and the original proponent that submitted the unsolicited proposal will be allowed to match it.

CTBEX is a 50.4-kilometer expressway that will connect Cavite and Batangas, with a spur road to Tagaytay City and ultimately terminating in Nasugbu and another spur road to Tuy, Batangas.

The project is seenn to decongest about 23,000 vehicles daily from the current thoroughfares.

The project will start at Silang East Interchange of the Cavite-Laguna Expressway. The alignment will traverse the towns of Silang, Amadeo, Mendez, Alfonso and Tagaytay in Cavite and Nasugbu in Batangas.

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