TOLL road operator Manila North Toll Tollways Corp. (MNTC), a unit of Metro Pacific Investments Corp. (MPIC), expects as much as 9 percent uptick in vehicular volume on the Subic-Clark-Tarlac Expressway (SCTEX) after its integration with the North Luzon Expressway (NLEX).
“We do expect that the operations of SCTEX will be viable from the start. Actually the traffic has been building up because of the long delay,” Jose Maria Lim, president and CEO of MPIC, told reporters on the sidelines of the SCTEX turnover ceremony in Mabalacat, Pampanga Thursday.
Asked to quantify MPIC’s expected turnout in vehicle volume, Lim said, “In general, about 8 percent to 9 percent.”
“It’s been growing at a higher rate compared to other toll roads… because of the continuing expansion of the network in the north,” Lim said.
MNTC operates NLEX and also holds shares in the Cavite Expressway (Cavitex), the 14-kilometer long expressway linking Manila to the southern province of Cavite.
SCTEX is projected to be the arterial expressway along which the Bases Conversion Development Authority’s (BCDA) Clark Green City will be built.
Clark Green City is a 254-hectare development that is seen to be the Philippines’ first green and disaster-resilient metropolis.
Six years after expressing interest in operating the 93.77-kilometer expressway that runs through Tarlac, Pangasinan and La Union, MNTC finally received the toll operations certificate (TOC) in late October, giving them full custody of SCTEX.
SCTEX, which used to be operated by state-owned BCDA, is now integrated with the MNTC-operated North Luzon Expressway (NLEX), allowing seamless travel between the two highways that course through the north of Luzon.
MNTC paid P3.5 billion upfront cash to BCDA as stated in the SCTEX Business Agreement.