BOI clears P48.5-B Calax project

The Philippine Star - - BUSINESS - By RICH­MOND MER­CU­RIO

The Board of In­vest­ments (BOI) has ap­proved the reg­is­tra­tion of the P48.5 bil­lion Cavite-La­guna Ex­press­way (Calax) project of MPCALA Holdings Inc.

BOI man­ag­ing head Ce­ferino Rodolfo said the agency rec­og­nized the project’s im­pact in ad­dress­ing the in­fra­struc­ture re­quire­ment of both the busi­ness lo­ca­tors and the gen­eral com­mut­ing public in the Cavite and La­guna ar­eas.

The project qual­i­fied as an in­fra­struc­ture public-pri­vate part­ner­ship (PPP) project un­der the pre­ferred ac­tiv­i­ties of the cur­rent In­vest­ment Pri­or­i­ties Plan.

“Calax will greatly ease the move­ment of goods and ser­vices in the area, fur­ther boost­ing the eco­nomic ac­tiv­i­ties in the South­ern Ta­ga­log re­gion and cre­ate jobs,” said Rodolfo, adding the in­fra­struc­ture de­vel­op­ment com­ple­ments the agency’s strat­egy to fur­ther dis­perse eco­nomic ac­tiv­i­ties across the re­gions.

Apart from the project’s eco­nomic ben­e­fits, BOI said the Calax would also pro­vide a faster, safer, and com­fort­able route for the com­mut­ing public trav­el­ling be­tween the Ba­coor and Kawit, Cavite ar­eas and the La­guna and South Lu­zon Ex­press­way ar­eas.

“The prov­inces of Cavite and La­guna are rapidly grow­ing in­dus­trial and com­mer­cial hubs in the South­ern Ta­ga­log re­gion. Presently, traf­fic con­ges­tion is preva­lent in the re­gion’s ma­jor road net­works such as Gov­er­nor’s Drive, Aguinaldo High­way and Sta. Rosa-Ta­gay­tay Road,” it said.

The PPP Cen­ter en­dorsed the Calax project for the BOI’s ap­proval since it is one of the pri­or­ity projects un­der the PPP pro­gram.

The BOI said the PPP Cen­ter cer­ti­fied that no govern­ment sub­sidy was ex­tended to MPCALA.

MPCALA, owned by the Metro Pa­cific Group of busi­ness­man Manuel V. Pangili­nan, was se­lected as the win­ning bid­der in 2015 for the Calax project as well as the right to col­lect fees over a 35-year con­ces­sion pe­riod.

Calax cov­ers the con­struc­tion, op­er­a­tion and main­te­nance of a four-lane 45-kilo­me­ter ex­press­way from the Manila-Cavite Toll Ex­press­way in Kawit, Cavite up to the South Lu­zon Ex­press­wayMam­plasan in­ter­change in Biñan, La­guna.

The ex­press­way will have eight in­ter­changes and one main toll bar­rier.

Calax is sched­uled to be op­er­a­tional by July 2020.

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