Manila North Tollways Corp. (MNTC) is planning to spend up to P4 billion for the expansion segments of the North Luzon Expressway (NLEX).
“There are two sections that we think that we could expand, Dau to Santa Ines and Santa Rita to San Fernando. The cost depends on the scheme that the regulator will consider. It is anywhere to P2.5 billion to P4 billion plus,” said Rodrigo Franco, president and chief executive officer of MNTC.
Franco was referring to the two segments of the NLEX in Pampanga province. MNTC is planning to expand the Santa Rita to San Fernando segment to three lanes each direction from its current two lanes.
Franco said that the vehicular flow in that segment is beginning to increase, but has not yet reached a critical level.
According to Franco, the Toll Regulatory Board (TRB) said that sooner or later, the NLEX will reach its service quality level limit.
NLEX is set to hit its critical stage by 2018, according to the assessment done by TRB.
On the other hand, the Dau to Santa Ines currently has two lanes with one lane at each section.
“We plan to expand it to two lanes [each],” Franco said.
Metro Pacific Tollways Corp. (MPTC), the parent company of MNTC, recorded a P1.4-billion core net income for the nine-month period ending September.
MPTC is a subsidiary of conglomerate Metro Pacific Investments Corp., which is led by tycoon Manuel Pangilinan.