Malacañang has approved the contract for the Metro Manila Skyway (MMS) Stage 3 Project which will connect the Southern Luzon Expressway (SLEX) to the Northern Luzon Expressway (NLEX), the Department of Transportation and Communications (DOTC) said on Friday.
The DOTC said the project will be fully funded by the Citra Central Expressway Corporation at an estimated cost of P 26.5 billion and will be overseen by the department and the Toll Regulatory Board (TRB).
This new road is expected to help decongest EDSA and other major roads such as Quezon Avenue, Araneta Avenue, Nagtahan, and Quirino and greatly reduce travel time from Buendia to Balintawak from the usual two hours or more to just 15 minutes.
In a 2013 report released by the Japan International Cooperation Agency (JICA), it estimated that around P 2.4 billion worth of economic and opportunity loss is incurred daily due to traffic congestion in Metro Manila.
The flood free, mostly elevated six-lane expressway, has an approximate length of 14.2 kilometers and will help reduce pollution, provide greater comfort and safety to the motorists and result to large savings in travel time, fuel and vehicle maintenance costs.
It will also provide around 6,000 direct jobs and additional indirect jobs of around 10,000 during construction.
The project is estimated to be completed in three years as preparatory and advance works will commence before the end of this year. Round the clock construction works is expected by early 2nd quarter next year 2014.
DOTC Secretary Joseph Emilio Aguinaldo Abaya said that the first section of the roadway from Buendia to Nagtahan may be opened for service by early 2016.
“DOTC along with DPWH, MMDA and local governments of Makati, Manila and Quezon City will surely coordinate and do its best to minimize traffic inconvenience throughout the route of the project.” Abaya said.
He added: “Our President is committed to build infrastructure that will ease the worsening traffic congestion and to enhance economic opportunities. This Skyway project will surely do both. Other projects such as the construction of the Tarlac to La Union expressway (TPLEX) and the widening and improvement of the Batangas expressway (STAR) are on-going”. PNA