Pangilinan tollway firm to spend P40B on infra projects this year

PANGILINAN-LED Metro Pacific Tollways Corp. will spend about P40 billion on infrastructure projects this year.

Vehicle overpass on c-5 road in Pasig

Manuel V. Pangilinan, chairman of Metro Pacific Tollways — formerly First Philippine Infrastructure, Inc. — said P2.1 billion would be spent for the construction of the North Luzon Expressway (NLEX)-Segment 8.1, which will link it to the C-5 Road.

Construction will start in March and the project is expected to be completed by April 2010.

The NLEX Segment 8.1 is a two-lane, 2.7-kilometer expressway that will link Mindanao Ave. to the NLEX.

Based on the plan, a toll plaza will be built on Mindanao Ave. where motorists can enter and exit the NLEX, effectively easing traffic congestion on the Epifanio de los Santos Avenue (EDSA) Balintawak.