North Luzon Expressway, Manila, Philippines
Key Data:
Order year
2000
Construction started
2003
Project type
Motorway (rehabilitate-operate-transfer project), bridges, overpasses, toll plazas
Location
Manila, Philippines, Asia
Estimated investment
$371m
Completion
February 2005
Concession period
30 years including construction time
Key Players:
Sponsors
Manila North Tollways Corporation (MNTC), First Philippine Infrastructure Development Corp, Egis Projects, Philippine National Construction Corporation (PNCC), Tollways Management Corp (TMC)
Lead contractors
DCCD Engineering Corporation, Leighton Contractors Pty. Ltd (Australia) (a subsidiary of HOCHTIEF’s participating interest Leighton Holdings Limited)
Subcontractors and consultants
Egis Projects
Financing
Asian Development Bank (ADB) ($70m), Export Finance and Insurance Corporation of Australia, International Finance Corporation ($55m), Export Credit France (COFACE) ($30m),
Multilateral Investment Guarantee Agency (MIGA) ($52.5m) World Bank via the International Finance Corporation (IFC), the Swedish Export Credit Agency SEK and commercial banks Calyon, West LB, DZ Bank, Mizuho, ABB, and NordBank.
