WATCH: Ceremony marks start of civil works for Cebu-Cordova Link Expressway
Stakeholders gathered last July 4, 2018 to mark the start of piling works for the Cebu-Cordova Link Expressway (CCLEX). Allan Alfon, Cebu Cordova Link Expressway Corporation President and General Manager, said the event marks the start of civil works at the site for the construction of the 8.5-kilometer bridge and road project.
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CCLEX project gets P19 billion funding
The Cebu-Cordova Link Expressway (CCLEX) project was able to secure a P19 billion loan from six local banks, ensuring funding for its construction. Project developer Cebu Cordova Link Expressway Corporation (CCLEC) signed on February 7, 2019 a 15-year omnibus loan and security agreement with the Rizal Commercial Banking Corporation, Development Bank of the Philippines, Robinsons Bank Corporation, Union Bank of the Philippines, Bank of the Philippine Islands, and Security Bank Corporation.
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Civil works for Cebu-Cordova Link Expressway starts
CEBUANOS can now look forward to a third bridge that will connect mainland Cebu to Mactan island as the builders of the Cebu-Cordova Link Expressway (CCLEX) held a ceremony on July 4, 2018 for the start of the project’s piling works.
Cebu Cordova Link Expressway Corporation (CCLEC) President and General Manager Allan Alfon said the event marks the start of civil works at the site for the construction of the 8.5-kilometer toll bridge and road project.
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