Metro Pacific Tollways Corp (MPTC), a subsidiary of Philippine-listed infrastructure conglomerate Metro Pacific Investment Corporation (PSE: MPI), is set to begin today the construction of two new segments of the CAVITEX C5 Link Expressway.
The project is worth P8.8 billion. Segment 2, which has a project cost of P7 billion, is a 1.9-kilometer, 2×3 lane expressway that will run from R-1 Expressway to Sucat Interchange. The P1.8-billion Segment 3A-2, on the other hand, is a 1.6-km, 2×3 lane expressway that will run from Merville to RSG Subdivision in Parañaque.
The CAVITEX C5 Link Expressway is a 7.70-km expressway from CAVITEX (R-1) to C5 (CP Garcia) Road traversing the cities of Paranaque, Pasay and Taguig and will complete the missing southern section of C5 Road.
Stocks to watch today (Philippine Stock Exchange): MPI and EEI.