METRO Pacific Tollways Corp. subsidiary MPT South has earmarked P14 billion for capital expenditure (capex) in 2025, most of which is allocated for the full completion of the 45-kilometer Cavite-Laguna Expressway (Calax) project.
The capex for 2025 is significantly higher compared to this year’s P8 billion.
Of the total capex budget for next year, P8.9 billion is allocated for the construction of Calax and the remaining over P5 billion for the Cavitex C5 Link.
These two major expressway projects are slated to be fully operational before the end of 2025 and are seen to drive growth in revenues and daily traffic, the company said.
Raul Ignacio, MPT South president and general manager, said in a press briefing the company expects daily traffic to increase by more than 30 percent, from a projected 259,815 this year to 344,514 daily traffic by next year, once the remaining segments of Calax and Manila-Cavite Expressway (Cavitex) are completed.
“Once completed, our expressway network will provide a more seamless travel experience for over 340,000 motorists, a 30 percent increase from our existing daily traffic, and help spur economic growth in both regions,” said Ignacio.
The growth will be driven by the completion of several key segments of the 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 South Luzon Expressway-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.
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, the company said.
This will improve connectivity and travel efficiency between major provinces in Southern Luzon, easing travel for daily commuters and businesses, it added.
Meanwhile, MPT South expects its revenue to increase by 13 percent to P3.4 billion by year-end from P3 billion in revenues last year, driven by the completion of major projects.
The company said its earnings before interest, taxes, depreciation and amortization margin will also increase to 72 percent in 2024 from 71 percent last year.
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, the company said.By MYLA IGLESIAS
METRO Pacific Tollways Corp. subsidiary MPT South has earmarked P14 billion for capital expenditure (capex) in 2025, most of which is allocated for the full completion of the 45-kilometer Cavite-Laguna Expressway (Calax) project.
The capex for 2025 is significantly higher compared to this year’s P8 billion.
Of the total capex budget for next year, P8.9 billion is allocated for the construction of Calax and the remaining over P5 billion for the Cavitex C5 Link.
These two major expressway projects are slated to be fully operational before the end of 2025 and are seen to drive growth in revenues and daily traffic, the company said.
Raul Ignacio, MPT South president and general manager, said in a press briefing the company expects daily traffic to increase by more than 30 percent, from a projected 259,815 this year to 344,514 daily traffic by next year, once the remaining segments of Calax and Manila-Cavite Expressway (Cavitex) are completed.
“Once completed, our expressway network will provide a more seamless travel experience for over 340,000 motorists, a 30 percent increase from our existing daily traffic, and help spur economic growth in both regions,” said Ignacio.
The growth will be driven by the completion of several key segments of the 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 South Luzon Expressway-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.
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, the company said.
This will improve connectivity and travel efficiency between major provinces in Southern Luzon, easing travel for daily commuters and businesses, it added.
Meanwhile, MPT South expects its revenue to increase by 13 percent to P3.4 billion by year-end from P3 billion in revenues last year, driven by the completion of major projects.
The company said its earnings before interest, taxes, depreciation and amortization margin will also increase to 72 percent in 2024 from 71 percent last year.
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, the company said.
