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Fast-track infra projects — MAP

Fast-track infra projects — MAP – BusinessWorld Online


      
      
      
      
      








BW FILE PHOTO

THE Management Association of the Philippines (MAP) has called on the government and private contractors to expedite the completion of crucial infrastructure projects to help address the country’s infrastructure inadequacies. 

“We firmly believe that vital transport infrastructure projects geared towards national development will open opportunities for more investments which will help spur economic growth,” MAP said in a statement on Tuesday.

In its media release, MAP said projects like the NLEX-SLEX Connector Road Project and the Metro Manila Skyway Stage 3 will enhance connectivity between the northern and southern provinces while also cutting travel time for motorists and promoting economic growth.

“We strongly urge the government, and the parties involved to fast-track the completion of this project and other vital infrastructure developments for nation building,” MAP said.

The P44.86-billion Metro Manila Skyway Stage 3 project is targeted to be completed by December 2025, information from the Department of Public Works and Highways (DPWH) showed.

This skyway project’s concessionaires are Citra Central Expressway Corp. and Metro Manila Skyway Corp., Public-Private Partnership (PPP) Center said. While the NLEX-SLEX Connector project is being undertaken by NLEX Corp., a unit of Metro Pacific Tollways Corp.

MPTC is the tollways unit of Metro Pacific Investments Corp., one of the three key Philippine subsidiaries of Hong Kong’s First Pacific Co. Ltd., alongside Philex Mining Corp. and PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., holds a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Ashley Erika O. Jose

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