MPTC Allocates P35B for 2025 Projects
Metro Pacific Tollways Corp. (MPTC) is budgeting P35 billion for capital
expenditures this year, mainly for its subsidiaries, including NLEX Corp.,
according to news reports.
In the reports, MPTC Chief Financial Officer Maria Theresa O. Wells
indicated that about one-third of the budget will go to NLEX, another third
to MPT South, and the rest to other projects.
Last year, MPIC earmarked P140 billion for its 2024 Capex, with P28 billion
designated for MPTC. MPT South plans to invest P14 billion in 2025
projects.
Recently, NLEX Corp. started constructing the P2.2 billion NLEX-C5
Northlink Section 1A, set for completion by the first quarter of 2026.
MPT South anticipates daily vehicle traffic to rise to 344,514 by 2025,
which would enhance its expressway network to 67 kilometers and improve
travel connectivity.
The Cavite-Laguna Expressway's Governor's Drive Interchange is among the
projects scheduled for completion in 2025.
MPTC expects an uptick in overall traffic as the post-pandemic recovery
continues.
Tollways will surely make motoring and transport logistics more expensive,
although this should be offset by better road connectivity and faster
travel, as well as enhanced access to essential services and goods.