Negosyante News

December 23, 2024 7:56 pm

CIC Inks P3.3-B Deal with DMCI for C5 Link Segment 3B Construction

Cavitex Infrastructure Corp. (CIC) Partners with D.M. Consunji Inc. (DMCI)

Cavitex Infrastructure Corp. (CIC), the concessionaire of the Manila-Cavite Expressway (CAVITEX), has formalized a significant deal with D.M. Consunji Inc. (DMCI) to construct the final segment of the C5 Link Expressway. This agreement, valued at P3.3 billion, marks a crucial step in the development of the C5 Link, enhancing connectivity and easing traffic congestion in the region.

Details of the Construction Agreement

Under the contract, DMCI will undertake the construction of Segment 3B of the C5 Link Expressway. This segment is a six-lane, two-kilometer toll road designed to connect CAVITEX at Parañaque in the west to C5 Road Taguig in the east. The construction work will encompass a variety of essential infrastructure components, including:

  • Roadworks
  • Drainage systems
  • Mechanical, electrical, and plumbing (MEP) installations
  • Fire protection and sanitary systems
  • Toll plazas

Timeline and Operational Goals

The construction of Segment 3B is set to commence in the second half of 2024, with an anticipated operational date in 2025. This project is particularly notable as it represents the completion of the last remaining segment of the CAVITEX C5 Link.

Raul Ignacio, President and General Manager of CIC, expressed optimism about the project’s impact, stating, “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.”

Current and Future Developments

Currently, operational segments of the CAVITEX C5 Link include Segment 3A-1 (C5 Link Flyover from C5 Road to Merville) and Segment 3A-2 (C5 Link Flyover Extension). In addition to Segment 3B, Segment 2 (R1 Interchange) is also under construction and is expected to open to motorists by the next month.

About CIC and Metro Pacific Tollways Corp.

CIC is a subsidiary of Metro Pacific Tollways Corp. (MPTC), the toll road development arm of Metro Pacific Investments Corp., led by Manny Pangilinan. MPTC manages an extensive portfolio of toll roads, including:

 

Comments are closed for this article!

Subscribe to Our Newsletter and get a free pdf:

Sign Up for negosyante news

and receive a copy of The Crypto Cheat Sheet (PDF)
and NFT Cheat Sheet for free!

* indicates required