MPT South yesterday announced it is allocating close to P9 billion in 2025 to complete the remaining phases of the Cavite-Laguna Expressway (CALAX), from Silang to Kawit, Cavite.
Likewise, MPT South is spending more than P5 billion next year to deliver the final sections of the connector road between the Manila-Cavite Expressway (CAVITEX) and C5 Road, known as the CAVITEXC5 Link.
MPT South vice president for finance Elnora Rumawak said the company would fund its capital expenditures through a mix of equity and debt. In particular, MPT South is borrowing P6 billion for CALAX and P3 billion for CAVITEX from local banks.
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Dylan Menor hopes to carve a place in showbiz
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