NLEX says new toll road, higher traffic to lift sales
Posted 4 years ago
Photo Credit: Carmudi Philippines
NLEX Corp. said it expects higher revenues this year, boosted by the opening of a new toll road and an increase in vehicle traffic at the North Luzon Expressway and Subic-Clark Tarlac Expressway.
NLEX president and general manager Luigi Bautista said revenue was projected to reach P16 billion this year from P12 billion in 2018.
Bautista said the growth in revenue this year would be driven by higher traffic growth at NLEx and SCTEx and the opening of the NLEx Harbor Link Segment 10.
Traversing the cities of Valenzuela, Malabon and Caloocan, the 5.65-km, six-lane NLEx Harbor Link Segment 10 is seen to divert 30,000 vehicles daily away from the busy streets of Metro Manila. With the new link, travel time between C3 and NLEx will only take 5 minutes.
It will also facilitate the efficient delivery of goods as cargo trucks will have alternative access from the Port Area in Manila to the provinces in Central and Northern Luzon.
The elevated expressway will enable travelers from Manila to Central and North Luzon to have a shorter travel time as they can head straight to NLEx, bypassing Edsa and the Balintawak Toll Plaza.
The next phase of the project is the 2.6-km section from C3 Road, Caloocan City to R10, Navotas City.
NLEX and the government last week broke ground for the P23.3-billion NLEx Connector Road, an eight-kilometer elevated toll expressway over the right-of-way of the Philippine National Railways.
The project starts at the junction of NLEx Segment 10 at C-3 Road/5th Ave. in Caloocan City and will connect to South Luzon Expressway through Metro Manila Skyway Stage 3 Project in Manila. Upon completion, the toll road is expected to benefit around 35,000 vehicles per day.
The NLEX spans approximately 95 kilometers, or 527-lane kilometers, and serves an average of 237,046 a day. It is the main infrastructure backbone that connects Metro Manila to Central and Northern Luzon.
SCTEx, meanwhile, is a 94-km, 2×2 expressway stretching from Subic-Tipo to La Paz, Tarlac, connecting the special economic zones in Subic and Clark and Olongapo City, to Tarlac City.