Description
The Project comprises the rehabilitation, expansion and operation of 83.7 km of the existing North Luzon Expressway (NLEX), including the construction and rehabilitation of 14 interchanges, 24 bridges and 31 overpasses from Manila (Balintawak exit) to Clark Special Economic Zone (Sta. Ines exit), and the operation of a 8km expressway in Subic Special Economic Zone, completed in 1996. The Project is undertaken under the Supplemental Toll Operation Agreement (STOA) among the Republic of Philippines (acting through the Toll Regulatory Board), PNCC and MNTC. At the end of the concession period in December 2037, MNTC will transfer the Project back to the Government (Grantor) without cost. Read More
| Country |
Philippines
|
| Borrower/Equity Investment Name |
– |
| Project Number |
33924-014 |
| Project Type or Modality of Assistance |
PS
|
| Financing |
Private sector (Nonsovereign) |
| Status |
Approved |
| Approval Numbers |
7162/1769
|
| Approval Date |
26 Oct 2000 |
| Closing Date |
07 Jul 2004 |
| Geographical Location |
North Luzon Expressway |
| Sector / Subsector Classification |
Transport and ICT
/ Road Transport |
| Thematic Classification |
Economic growth
Private sector development
|
| Safeguard Categories |
Environment: B
|
Results Delivered
| Expressway built or updgraded (kilometers) |
84 |
| Beneficiaries from road projects (number) |
4,738,877 |
The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the
ADB Results Framework Indicators Definition.
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