CIC, DMCI ink deal for CAVITEX C5 Link Segment 3B
P3.3-B construction deal to start H2 2024
MANILA: Cavitex Infrastructure Corporation (CIC) signed a P3.3-billion construction deal with D.M. Consunji Incorporated (DMCI) for the remaining C5 Link Segment 3B.
KEY TAKEAWAYS
When will the CAVITEX C5 Link Segment 3B start?
The construction project shall commence within the second half of 2024.When will the portion become operational?
The portion is eyed to become operational by 2025.According to the subsidiary of the Pangilinan-led Metro Pacific Tollways Corporation (MPTC), its partner will be responsible for the construction of roadworks, drainage, mechanical, electrical, plumbing, fire protection, sanitary systems, and toll plazas for the 2-kilometer, 3x3 lane Segment 3B, which spans from the Kaingin area to the RSG Subdivision.
The construction of the aforementioned segment is targeted to commence within the second half of 2024 and is expected to be operational next year.
"This is a milestone for the CAVITEX C5 Link as this marks the construction of the last remaining segment. Soon, motorists will benefit from the entire 7.7-kilometer expressway stretching from CAVITEX R1 to C5 Road in Taguig," CIC President and General Manager Raul Ignacio.
Aside from Ignacio, the signing ceremony (held last May 21) was graced by MPTC President and Chief Executive Officer Rogelio Singson, CIC Vice President for Finance Elnora Rumawak, DMCI President and Chief Executive Officer Jorge Consunji and DMCI Managing Director Joffrey Gacula.
CIC shared that the operational segments of CAVITEX C5 Link include Segments 3A-1 (C5 Link Flyover from C5 Road to Merville) and 3A-2 (C5 Link Flyover Extension) while Segments 3B and 2 (R1 Interchange) are underway.
Segment 2, CIC added, is expected to be opened to motorists next month.
Photos from Cavitex Infrastructure Corporation
Also read:
Cavitex C5 Link now 20% complete
Phase 2 construction of Cavitex C5 Link Segment 2 to begin this quarter
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