The Market Monitor Minding the Nation's Business
The Department of Public Works and Highways and the Manila North Tollways Corp. (MNTC) signed the concession agreement for the implementation of the North Luzon Expressway-South Luzon Expressway (NLEX-SLEX) Connector Road under the Public-Private Partnership (PPP) project.
The signing of the agreement happened two months after the government issued the notice of award to MNTC.
Once completed, the PPP project will reduce the travel duration from NLEX to SLEX from the current two hours into 20-30 minutes. MNTC will construct, operate and maintain the P23 billion pesos unsolicited project, which is an eight-kilometer four-lane elevated expressway over the Philippine National Railway (PNR) right of way (ROW).
The connector road will start from C3 Road in Caloocan through Manila crossing España towards Polytechnic University of the Philippines (PUP), Sta. Mesa connecting Metro Manila Skyway Stage 3 (MMSS3). It is expected to decongest traffic in Metro Manila by providing an alternative to C-5 Road, Efipanio de los Santos Avenue (Edsa), and other major thoroughfares.