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Tuesday, September 17, 2019

Construction of third bridge to start in June, CEO says

EXACTLY a year after the project’s groundbreaking, Metro Pacific Investment Corp. (MPIC) President and CEO Rodrigo Franco announced that construction work on the Cebu-Cordova Expressway (CCLEX) will start in June.

At the moment, Franco said that foreign and local contractors are doing the detailed engineering design (DED) of CCLEX, commonly called the third bridge project.

“In four months (maximum) or between June and July, the actual construction of the bridge will start. The project is expected to contribute to the transformation of Cordova,” he said.

Once the DED will be completed, it will be submitted to the local government units of Cebu City and Cordova for approval.

The DED will set the structural specifications of the bridge, including its approaches.

The Cebu Link Joint Venture (CLJV), composed of Spain-based Acciona SA and Philippines-based First Balfour Inc. and DM Consunji Inc., is the consortium selected to build the 8.5-kilometer expressway that will link mainland Cebu from Cebu City to the municipality of Cordova in Mactan Island.

The Cebu Cordova Link Expressway Corp. (CCLEC), a subsidiary company of Metro Pacific Tollways Corp., will manage and operate the bridge once it’s completed.

The third bridge project is worth P22.6 billion but with other expenses to be incurred for the project, CCLEC’s total investment for it is projected to reach P30 billion. It’s supposed to be completed in 2021.

Franco visited Cordova yesterday for the groundbreaking of the Mangrove Propagation and Information Center in Barangay Day-as, which is part the corporate social responsibility of the company to mitigate the project’s impact on the environment.

Starting yesterday, Franco said the contractors of the project began to put up their construction facilities at the South Road Properties (SRP) after the City Government of Cebu allowed them to lease a portion of the reclaimed property.

CLJV is renting 57,170 square meters of the SRP and will use the jetty of the reclaimed property with an estimated land area of 25,000 square meters.

The rent will last for 46 months, which started last March 1 until Dec. 30, 2021, and is expected to generate P100 million in rent for the City.
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