The Manila North Tollways Corporation (MNTC) is set to groundbreak on Feb. 7 the construction of the P1.6-billion Harbor Link that would connect the North Luzon Expressway (NLEX) to MacArthur Highway in Valenzuela City.
MNTC president and chief executive officer Rodrigo Franco, in a briefing with the Pampanga media over the weekend, said the Segment 9 of the project will officially commence after the first segment of the Harbor Link reconnected NLEX to MacArthur Highway in Valenzuela City.
Franco said the Harbor Link construction covers a 2.1-kilometer expressway that would run from NLEX cloverleaf to MacArthur Highway near Valenzuela City.
Construction, according to him, would take at least one year.
Franco earlier said MNTC is raising between P16 billion and P17 billion from the domestic debt market over the next four years to bankroll ongoing road projects connecting to NLEX.
MNTC also intends to connect NLEX to circumferential Road-5 (C5) worth P10 billion to dramatically decongest traffic along Commonwealth Ave. and Quezon Ave. in Quezon City.
The NLEX C-5 Link and the Harbor Link projects comprise Phase 2 of MNTC's Manila North Expressway concession.
Upon completion, Franco added, Phase 2 would provide an east-west expressway alignment traversing heavily-congested areas of northern Metro Manila and would reduce travel time within the expressway corridor.
MNTC has completed a 2.7-kilometer expressway that links the NLEX main to Mindanao Ave. with the country's largest cloverleaf interchange called Smart Connect Interchange as its main feature.
No comments:
Post a Comment