Metro Manila Skyway

The Metro Manila Skyway is an elevated highway crossing over much of the existing South Luzon Expressway as of the moment. It is located within the Metro Manila portion of the SLEX and crosses through Makati City, Pasay City, Parañaque City, and Muntinlupa City. The Skyway begins in Barangay San Isidro, Makati City, and ends in Barangay Alabang, Muntinlupa City. In the future, it will extend further to the North Luzon Expressway via Manila and Quezon City.

History

With the opening of the Skyway system, Filipino motorists are treated to a toll road network as traffic at the South Luzon Expressway considerably improved with the additional roadway capacity, rehabilitated roads, upgraded and newly constructed facilities.

On November 27, 1995, PT CITRA, an investor, entered into a Supplemental Toll Operation Agreement (STOA) with the Republic of the Philippines, through the Toll Regulatory Board (TRB), as grantor, and the Philippine National Construction Corporation (PNCC) as operator. The STOA was the result of negotiations among the parties which officially began on October 31, 1994 with the organization of the Technical Working Group composed of representatives from the Board of Investments (BOI), the Department of Finance (DOF), AIA Capital as financial adviser, the Department of Public Works and Highways (DPWH), the TRB, the PNCC, and the PT CITRA Group.

Under the STOA, CMMTC was mandated to finance, design and construct stage 1 of the South Metro Manila Tollway Project,...
Read More