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Wednesday, October 16, 2024

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MPT South beefs up CAPEX by 75% to ₱14B for 2025

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With more than 30% traffic growth by the end of 2025, translating to over 340,000 average daily motorists from the current figure of 259,815, MPT South accelerates the completion of several key segments of the Cavite-Laguna Expressway (CALAX) and CAVITEX C5 Link.

These segments include the CALAX Governor’s Drive Interchange, Open Canal Interchange, and Kawit Interchange, as well as the C5 Link Segment 3B, which will connect the current Sucat Interchange to the C5 Link Flyover Extension, spanning from SLEX-Taguig to E. Rodriguez in C5. The CAVITEX-CALAX Link, currently under construction, will integrate these two major toll roads, creating a more seamless connection for motorists. 

These projects are slated for commercial operations before the end of 2025, bringing MPT South’s total road network to 67 km. The new segments, designed to enhance travel time and accessibility, are expected to encourage more motorists to utilize the network, further boosting traffic flow in the region. This will improve connectivity and travel efficiency between major provinces in Southern Luzon, easing travel for daily commuters and businesses alike. 

“Aside from providing an enhanced driving experience for our motorists, our projects also aim to contribute to the region’s economic development by improving accessibility and connectivity.  Once completed, our expressway network will provide a more seamless travel experience for over 340,000 motorists, a 30% increase from our existing daily traffic, and help spur economic growth in both regions,” said MPT South President and General Manager, Mr. Raul L. Ignacio. 

In line with this, MPT South is allocating ₱14 billion in capital expenditures (CAPEX) in 2025 to support the construction and maintenance of its infrastructure. 

“Despite the challenges we face in construction, such as the timely delivery of right-of-way and the recent typhoons, we are working around the clock to ensure the delivery of these vital infrastructure projects for the benefit of progress by the end of 2025,” Ignacio added. 

Upon completion, MPT South’s expressway network is expected to boost regional economic growth by facilitating quicker, more efficient movement of goods and services between key industrial and commercial hubs. The shortened travel time will provide additional benefits such as reduced fuel consumption and lower vehicle emissions, contributing to nation-building and improving the quality of life for Filipinos. 

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