Page 42 - MPTSOUTH NEWSLETTER - JAN to JUN 2019 ISSUE

Big banks fund 24.2 B

Cavite-Laguna tollway Secretary Villar cited CALAEX as a “development force that will prompt accelerated growth in
Cavite, Laguna, Batangas and Quezon,” adding that “tollways have always been at the forefront
of our infrastructure building initiatives.”

By Arlette V. Capistrano, Communication Villar congratulated the Metro Pacific Tollways for their vision in addressing the infrastructure

and Stakeholder Management needs of provinces south of Mania, which is also the “mandate of the government’s ‘Build Build
Build’ Program.” He also acknowledged the “expression of creditor confidence of our
Philippines banks, notably their common desire to bankroll the accelerated development of our
country.”

A consortium of the biggest universal banks in the country converged in one place in Makati Rodrigo E, Franco, president and CEO of Metro Pacific Tollways Corporation (MPTC), provided a
yesterday for the ceremonial signing of the loan agreement between the bank consortium and valuable context to the occasion, declaring: “We had successfully tapped the promise of North
the MP CALA Holdings, a subsidiary of the Metro Pacific Tollways Corporation of the MVP Group. Luzon (through NLEX)! The time has come to bring out the development potential of South

Luzon.” Franco told the group that Metro Pacific’s tollways group is on an “expansive mood” as
The banks, led by Banco de Oro Universal Bank, earlier approved a loan amounting to P24.2 it expands its tollway territory to include Cebu – and in neighboring ASEAN countries in
billion, to finance the construction of the Cavite Laguna Expressway (CALAEX), a 45 kilometer, Indonesia, Thailand, and Vietnam.
four-lane tollway that begins at the SLEX Mamplasan exit and ends at the toll plaza of Cavitex in
Kawit, Cavite. Other lenders include Unionbank of the Philippines, Bank of the Philippine CALAEX, according to its President Roberto V. Bontia, will serve 50,000 motorists every day from
Islands, Rizal Commercial Banking Corporation, Landbank of the Philippines and Security Bank. Laguna and Cavite. The tollway will reduce travel time from the farthest point in Laguna to
Manila in 30 minutes. The tollway has a total of eight interchanges, and is made up of two
In what is considered the “most modern expressway,” CALAEX is viewed as a big-ticket segments. The Laguna Segment begins at the toll barrier coming from SLEX. The Cavite
infrastructure project that will “start of a new momentum of regional growth” in provinces Segment starts at the Silang Interchange.
south of Metro Manila,” according to Public Works Secretary Mark A Villar, who was the guest of
honor and speaker at the ceremonial signing. The well-attended ceremony was held at the Metro Pacific Tollways Corporation holds in it’s portfolio of projects the NLEX, SCTEX, CAVITEX
Grand Ballroom of the The Manila Peninsula. and current construction projects C5-South Link, Connector Road, and the Cebu-Cordova Link
Expressway in Cebu.