METRO Pacific Tollways South (MPT South) is allocating P14 billion in capital expenditures (capex) for 2025, an increase from last year’s P8 billion.
The funds will primarily be used to complete road segments that are still under construction.
“Technically, we need to finish our projects by 2025, despite the challenges such as right-of-way issues and recent typhoons,” MPT South Vice President Elnora Rumawak said.
“Hence, we are doing everything we can to ensure we meet this deadline.”
Rumawak said that a combination of loans and equity would be tapped to fund the planned capex.
“We are targeting to have an additional loan for the capex next year,” she said.
“For the Manila-Cavite Toll Expressway Project, or MCTEP, which is located near Parañaque, we are targeting to have an additional P3-billion loan, and then for the Calax (Cavite-Laguna Expressway), we are targeting a loan close to P6 billion, as well as equity, mostly from Metro Pacific Tollways Corp.,” she added.
“For loans, we plan to get it from the local banks such as Land Bank of the Philippines, Rizal Commercial Banking Corp., BDO Unibank, Inc., and Security Bank.”
The segments that are planned to be completed form part of the Calax and the Manila-Cavite Expressway-C5 (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.
Another project under construction is the Cavitex-Calax Link, integrating the two major toll roads, and is targeted to be finished by late 2025.
MPT South said that traffic at its toll roads was expected to grow by more than 30 percent by the end of 2025, translating to more than 340,000 average daily motorists from around 259,000 currently.
This growth will be driven by the completion of several key segments in its project portfolio, it added.
“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,” MPT South President and General Manager Raul Ignacio said.
“Once completed, our expressway network will provide a more seamless travel experience for over 340,000 motorists and help spur economic growth in both regions,” he added.
MPT South said the completion of its infrastructure projects was expected to boost regional economic growth by facilitating quicker, more efficient movement of goods and services between key industrial and commercial hubs.
It will also bring its total road network to 67 kilometers.
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