Philippines: Acciona, DMCI and First Balfour consortium bags $447m toll bridge project deal

Source: CCLEX

The Cebu Link Joint Venture (CLJV), a consortium of Spain-based Acciona Construction SA, and Philippine-based companies First Balfour Inc, and DM Consuji Inc (DMCI), have nailed the deal for the construction of a $447.5 million (P22.6 billion) toll bridge project.

Dubbed Cebu-Cordova Link Expressway (CCLEX), it is an 8.5-kilometer  bridge designed to connect Cebu City to the municipality of Cordova in the island of Mactan.

CCLEX is the project of Metro Pacific Tollways Corp (MPTC), the toll road arm of Philippine-listed conglomerate Metro Pacific Investments Corp (MPIC).

MPTC’s subsidiary Cebu Cordova Link Expressway Corp (CCLEC) issued the notice of award for the “Design and Build” contract of CCLEX bridge to CLJV at an agreed contract amount of P22.6 billion.

Under the deal, CCLEC will build, operate and maintain CCLEX bridge through a joint venture agreement with the local governments of Cebu City and Cordova Municipality.

CCLEX will have two lanes in each direction and will feature the main navigation span bridge, along with viaduct approach bridges, a causeway, roadway and toll facilities.

The span of the bridge allows for shipping traffic and the link is expected to serve at least 40,000 vehicles daily. It will give Cordova direct access to Cebu City and is envisioned to decongest the traffic in the two existing bridges between Mactan and Cebu.

“We are very confident that we can deliver a quality state-of-the-art bridge that will provide not just travel efficiency but also drive economic growth and productivity in the entire Visayas region, and improve the overall welfare of the Cebuanos,” CCLEC president and general manager Allan Alfon said.

The CCLEX is the first of MPTC’s envisioned toll road expansion projects in Visayas and Mindanao. It is expected to be completed in 2020.

MPIC claimed that MPTC is the largest toll road concessionaire and operator in the Philippines that has now expanded its business in other Asean countries namely, Thailand, Vietnam and Indonesia.

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