A new road to ring the Laguna Lake is being prepared to replace the ambitious P123 billion Laguna Lakeshore Expressway Dike (LLED) PPP project, the Department of Public Works and Highways said.
According to Public Works Secretary Mark Villar, the new road not including the dike, will be built to bring more development in the Laguna coastline. Villar said that without the flood control component (the dike or elevation of the expressway) the project will be more attractive for investors.
In a statement, Villar said the agency will seek approval from the National Economic and Development Authority (NEDA) for the revision of the alignment and removal of the flood control component of the project.
According to the secretary, the DPWH has to go back to drawing board and change terms of the deal.
Despite these challenges, Villar assured the present administration is keen on rebidding the project.
“We were actually pursuing a possible alignment along Laguna. We want to use Laguna lake for major infrastructure projects,” Villar said.
Source: Malaya Business Insight