Metro Pacific Tollways Corporation, through wholly-owned subsidiary MPCALA Holdings Inc. has paid the government P4.368 billion representing the second tranche of the concession fees for the Cavite-Laguna Expressway.
MPTC said the payment is the second of six tranches amounting to P27.3 billion in total concession fees under the 35-year CALAX concession. The first tranche of P5.460 billion was paid on 10 July 2015.
“It is our privilege to be Government’s private sector partner in this project of national significance. And despite this Covid-19 pandemic, our work continues to serve our communities, and our people,” Manuel V. Pangilinan, chairman of MPTC said.
Last 1 May 2020, the tollways group advanced its tax payments to the BIR valued at P1.03 billion also to help the government’s fund-raising efforts amid the COVID-19 pandemic.
Public Works Secretary Mark Villar said this payment will help enable the national government to fund development projects, high-priority resource management programs, operations, and concession-support activities.
The 44.6-kilometer, 4-lane CALAX toll road is partially operational. Last November 2019, the first 10 km. portion between Mamplasan, Binan City and Sta. Rosa City was opened to commuters.
Construction is under way in the next 7.2 km. section between Sta. Rosa City and Silang, Cavite.
“We are making good construction progress and together with DPWH Secretary Villar’s team, we are pulling out all the stops to deliver this important expressway,” Roberto Bontia, MPCALA president said.
“We believe the CALAX will enable mobility and become a real commuting option for our traffic harassed motorists in this new road corridor,” heading dded.
Once the CALAX is completed, travel time between Kawit, Cavite to Binan City, Laguna is expected to be reduced to 45 minutes from the current 90 minutes, and industrial zones, residential areas and tourist destinations around the two (2) provinces will be more accessible.
In addition to the CALAX, the CAVITEX and the Cavitex C-5 Link Expressway, MPTC’s portfolio includes the concessions for the North Luzon Expressway, the Subic-Clark Tarlac Expressway, the NLEX Connector Road, and the Cebu-Cordova Link Expressway in Cebu.