Metro Manila Skyway

[crappypants]

mukhang nagpapahinga sila.

[PasigGuy]

Originally Posted by crappypants

mukhang nagpapahinga sila.

I think 24/7 na ata (??) ang trabaho dyan, kse 730am kme dumaan dyan sa area, medyo nagpapahinga na sila talaga muna...ndi ko lang alam kung nag-aabang sila ng 8am bago mag work...

[crappypants]

ganon? maige kung ganon. btw thanks for the updates and pics.

[ryanr]

Thanks for the updates nice to see some progress.

[OtAkAw]

Grabe namang mga higanteng "T" ang mga yan.

[mach_5]

I hope it will be connected to Alabang viaduct pra SLEx n deretso landing.
Then from south SLEx nman deretso akyat n SkyWay, hngang Balintawak, landing na ng NLEx. It should b like that.

[apiong]

after more than four years since starting this thread, the look back seems to possibly shift to looking forward with this news:

Skyway project builder gets P14-B funding

http://business.inquirer.net/money/b...-P14-B-funding

Note: as of posting time at Inquirer.net (5:36pm), the above link seems to point to the article index instead of the news update: as of 6:15, link is fixed

Skyway project builder gets P14-B funding

5 banks OK 10-year loan facility
By Doris Dumlao
Philippine Daily Inquirer
First Posted 17:35:00 06/29/2008

MANILA, Philippines--A syndicate of five banks agreed to provide a P14-billion loan facility to Citra Metro Manila Skyway Corp. to expand its elevated tollway from Bicutan to Alabang and refinance old debts.

The members of the loan consortium are Philippine National Bank, Allied Banking Corp., Land Bank of the Philippines, Union Bank of the Philippines and East West Bank, PNB president Omar Mier said last week.

"We're already at the documentation stage," Mier said.

The credit facility will have a 10-year maturity and is expected to be disbursed by July.

Mier said the syndicate was now only ironing out some technical concerns on documentation by one of the creditors.

PNB and Allied Bank, both owned by tobacco and beer magnate Lucio Tan and which are set to merge this third quarter, will provide about half of the fresh credit facility.

Mier said PNB would provide P5.1 billion while Allied Bank would lend P2.5 billion to Citra.

Roughly half of the proceeds from the P14-billion facility will be used as capital for the tollway expansion while the balance will be used to take out and replace older and more expensive debt.

Asked what made the creditors more confident in opening a large credit line for Citra, Mier said: "All it needed really was to restructure the cash flow. You have a waterfall of payments whereby senior lenders (will be paid off) first, then the preferred shareholders. And the cash flow is strong enough to service them all. Eventually, everyone will be paid off."

With the decline in interest rates over the years, the availment of a new loan to replace existing debts is expected to trim the toll road company's interest expenses and free up more money to boost its operations.

The Skyway project is a joint venture between the Citra Group of Indonesia and the state-controlled Philippine National Construction Corp. The first phase of the 35-kilometer elevated toll road, with a cost of more than $500 million, was built along the South Luzon Expressway.

The PNCC is the franchise holder of the North and South Luzon Expressways while the Citra Group is the biggest private sector toll road developer in Indonesia.

The Skyway project was done on a build-transfer-operate basis wherein Citra financed the design and construction of the toll road, after which it will transfer ownership of the toll road to the government. The government then allows Citra to recover its investment and generate some profits through the collection of tolls from motorists using the skyway.

About four years ago, creditor-banks rejected Citra's proposal to restructure debts for 15 years. While Citra could service its obligations to its creditors, the Skyway developer sought the restructuring to accelerate the payment of dividends to shareholders using the amount otherwise earmarked for principal debt repayments.
------------------------
I'm contemplating on proposing the revision of the thread title to:

The Metro Manila Skyway [U/C] one pier head at a time...

[spearhead]

Wow thank you! Mga ilang years nalang kaya yan bago matapos, 2 o 3?

Originally Posted by PasigGuy

mga tol, dumaan ako kahapon sa SLEX, ito ang mga fresh images ng Skyway extension construction

[kratos1211]

Baka ito lang hinihintay para maging full blast na ang construction sa july

Originally Posted by apiong

Skyway project builder gets P14-B funding

5 banks OK 10-year loan facility
By Doris Dumlao
Philippine Daily Inquirer
First Posted 17:35:00 06/29/2008

MANILA, Philippines--A syndicate of five banks agreed to provide a P14-billion loan facility to Citra Metro Manila Skyway Corp. to expand its elevated tollway from Bicutan to Alabang and refinance old debts.

[bustero]

ayun they are getting their money na pala, pag full blast siguro 2 to 3 years lang iyan ok na!

[juandecervantes]

Yey! Mas maganda ang kita nila pagkatapos ng Phase 2.

[juandecervantes]

Originally Posted by apiong

Got these from an old copy (1996) of Construction Management magazine... to think that these plans are almost a decade old already!... and the future fate of the Skyway Project is still in uncertain...






I love this one... the proposed segment along A. Bonifacio/G. Araneta Ave. - a double-decker!

Apiong, **** - refresh lang yung pics? Di ko makita sa browser ko eh. Dead link ata.

[juandecervantes]

Originally Posted by apiong

Got these from an old copy (1996) of Construction Management magazine... to think that these plans are almost a decade old already!... and the future fate of the Skyway Project is still in uncertain...






I love this one... the proposed segment along A. Bonifacio/G. Araneta Ave. - a double-decker!

Apiong, ****-refresh yung pics? Di ko makita sa browser ko. Dead link ata.

[absinthe_888]

Originally Posted by juandecervantes

Yey! Mas maganda ang kita nila pagkatapos ng Phase 2.

yup, mas magiging maganda ang kita at ginhawa pag nakaabot na to ng alabang. Sa ngayon kz parang hindi ko mashado masulit yung binabayad ko pag ginagamit ko tong skyway.

guys, sa tingin nyo ba matatapos na yung naia skyway this year?

[PasigGuy]

Originally Posted by absinthe_888

yup, mas magiging maganda ang kita at ginhawa pag nakaabot na to ng alabang. Sa ngayon kz parang hindi ko mashado masulit yung binabayad ko pag ginagamit ko tong skyway.

guys, sa tingin nyo ba matatapos na yung naia skyway this year?

still so much time, rampa nalang ang ginagawa nila, i think doable

[juandecervantes]

Apiong??

-------
Naia Skyway? Hanggang terminal 3 ba yan?

[kratos1211]

Originally Posted by absinthe_888

yup, mas magiging maganda ang kita at ginhawa pag nakaabot na to ng alabang. Sa ngayon kz parang hindi ko mashado masulit yung binabayad ko pag ginagamit ko tong skyway.

tataas sigurado ang P55 toll fee (P85 skyway minus P30 nichols-bicutan at-grade) ng skyway

Originally Posted by juandecervantes

Apiong??

-------
Naia Skyway? Hanggang terminal 3 ba yan?

image hosted on flickr

[Mithril Cloud]

Wow, they've been building that thing for five years now.

[Ph Man]

Originally Posted by juandecervantes

Apiong, ****-refresh yung pics? Di ko makita sa browser ko. Dead link ata.

seems to be a restricted site. can anyone please upload the photos elsewhere and post it here. with due credits to the photographer of course.

by the way, the Nichols exchange to NAIA T3 for that portion of the skyway (Package IV) as shown in krato's post is getting a lot of activitiy now. probably just in time for T3's opening or perhaps few months after opening. these flyovers will complement the wide roads leading to T3 and both shall ease up traffic to and from the soon-to-be-opened international terminal. fingers-crossed.

the entry point from Villamor going to SLEX has already been cleared with shanties. taxicab drivers claim traffic has improved eversince.

by the way, cool photos @ PasigGuy. but don't be too preoccupied with photoshooting. that might get you in trouble while your one hand is on the wheel.

[apiong]

my apologies. the site hosting the pictures in the first page seemed to have died or is inaccessible. I'm now trying to find where the original scanned images are (or re-scan them if necessary) and re-upload them, to imageshack.