Cavite-Laguna Expressway First Phase to open in December
MANILA, Philippines – A portion of the Cavite-Laguna Expressway (CALAX) is targeted to begin commercial operations by December 2018, after the Department of Public Works and Highways (DPWH) asked the concessionaire to fast-track the construction.
Public Works and Highways Secretary Mark Villar said on Thursday, February 8, that the first 7 kilometers (km) of CALAX, which runs from the Mamplasan Interchange in Biñan, Laguna to Laguna Boulevard, is seen to be opened to motorists by December 2018, instead of the initial target of February 2019.
MPCALA Holdings Incorporated, a unit of listed Metro Pacific Investments Corporation (MPIC), is the winning concessionaire of CALAX, which is a 44.6-kilometer, 4-lane toll road between the Cavite Expressway in Kawit, Cavite and the South Luzon Expressway-Mamplasan Interchange.
"We asked MPIC if we can expedite it to December 2018 so we have a Christmas gift for the motorists. The original target was to open it in February next year, as a Valentine's Day gift. But I said, it is more proper to give it as a Christmas present," Villar told reporters during his office's inspection of the project site in Laguna.
Back in March, MPCALA signed a P7.2-billion agreement with DM Consunji Incorporated (DMCI) for the construction of the 18-km Laguna side of CALAX.
For the Cavite side, MPCALA is hiring Australia's Leighton Holdings in a deal worth P7.3 billion.
On top of the project's P35.42-billion construction cost, MPCALA paid the government a premium bid of P27.3 billion to win the CALAX contract.
MPCALA will operate and maintain CALAX for 35 years. After that, the operations and maintenance of the expressway will be in the government's hands.
"As of now, the government has delivered about 60% right of way for the entire toll road project. The construction for the entire CALAX is targeted to be finished by December 2020," Villar said.
The 44.6-kilometer road project will connect nearby industrial zones to the capital of one of Asia's fastest-growing economies.
--
For more blogs and articles about Current Events,
You may visit our website at http://www.crownasiaphilippines.com/
Crown Asia Philippines
Crown Asia not only offers the “trophy” home every family deserves, but also the primmest location where every community has access to different needs within arm’s reach. Up to this date, this Vista Land Company subsidiary has proven that Filipino families deserve a quality home where they can raise good values among their homes and community. Founded in 1995, Crown Asia still thrives to build beautiful homes that are meant to last for generations where families share cherished memories and enjoy limitless celebrations. It has earned its title to be one of the top home-developers in the Philippines catering to middle and upper-income earning families. It is also praised for their themed-communities inspired from stunning places around the world.
you may also like
- Next BORACAY Rehabilitation Plan now with Palace for Action
- Previous The Growth of Philippine Property Sector in 2018
Contact Us
For inquires, sample computation or to schedule an exclusive property viewing, please contact:
CROWN ASIA SALES TEAM
Mobile / Viber Number:
(+63) 917 512 5475
(+63) 977 182 4135
(+63) 997 965 5046
(+63) 939 589 6263
(+63) 926 473 4019
Head Office
Lower G/F, Building B,
Evia Lifestyle Center, Vista City,
Daang Hari, Las Piñas City
Email Us
crownasiaphilippines@gmail.com
Easy Steps to Buy
1 |
Schedule Property ViewingSchedule an exclusive property viewing with our property consultant to your desired project. To schedule an appointment, you may contact (+63) 917 512 5475. For overseas-based clients, you may request for your family or representative to have the viewing on your behalf. |
2 |
Unit ReservationDuring property viewing, you'll be presented with the best available units within latest inventory. You may reserve your desired unit by filling out the Buyer Information Sheet, Reservation Forms and paying the reservation fee. Requirements to bring: Two (2) valid ID and TIN number (both spouses if married). |
3 |
Submit Required DocumentsPersonal and documentary requirements must be submitted within 30 days from the date of reservation. A checklist of requirements can be downloaded here. Bank financing is developer-assisted (see list of accredited banks). |
4 |
Pay DownpaymentPayment of required downpayment is made through post-dated cheques (PDCs) payable to Crown Asia. Downpayment can be paid on lump sum or monthly installment at zero interest. |
5 |
Unit TurnoverAfter downpayment, wait for the unit construction to finish and for home loan application to be approved (if bank financing) before we can schedule a unit inspection. After inspection, client may now accept the unit and move-in. |
List of Requirements
- 2 pcs. Philippine-issued Valid ID
- Accomplished Customer Information Sheet
- Accomplished Reservation Agreement Form
- Reservation Fee
If married, both spouses shall submit the following:
- 3 pcs. 1x1 picture
- 2 Philippine-issued Valid ID
- Birth Certificate (if single)
- Marriage Certificate (if married)
- Proof of Billing Address or Barangay Certificate
- Tax Identification Number
- Post Dated Cheques
- Certificate of Employment with Compensation
- Payslips (latest 3 months)
- Latest Income Tax Return (ITR)
- Bank Statements (latest 6 months)
- Vouchers latest 6 months (for commission-based employee)
- Photocopy of Passport
- Job Contract (photocopy)
- Passport stamp entries
OFW/Immigrants buyers must assign a family/relative as their Attorney-in-fact (AIF) in their home purchase. AIF must likewise submit the following requirements:
- 3 pcs. 1x1 picture
- 2 pcs. Philippine-issued valid ID
- Proof of Billing Address
- Special Power of Attorney Form (Notarized/Consularized)
Additional requirements for business owners (self-employed) with minimum 3 years of operation:
- Business Permit
- Latest 3 years ITR with Financial Statement
- Photo of Business Establishment
- Bank Statements latest 1 year