LLEX estimated project cost slashed for lower toll fees

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LLEX estimated project cost slashed for lower toll fees
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THE estimated project cost for the Lapu-Lapu Expressway has been reduced from P25 billion to around P8 billion-P9 billion to ensure lower toll fees for motorists. This adjustment was made to make the project more financially viable for drivers, balancing the need for economic returns with the affordability for users, according to Allan Alfon, president and general manager of Cebu Cordova Link Corp. . The new project cost, however, is not yet final.

a subsidiary of MVP Group of Companies, is the new partner of the Lapu-Lapu City Government and the Premium Megastructures Inc. in the construction of the LLEX. Once completed, the LLEX will be the first skyway outside the National Capital Region. Construction is expected to begin before the midterm elections next year and will take two to three years to complete.The LLEX will span 12 kilometers and feature four lanes, connecting Pilipog Bridge to the Mactan-Cebu International Airport.

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