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PANGILINAN-LED NLEX Corp. Hopes to call within the 2d area the construction company that would build the second one segment of the North Luzon Expressway (NLEx) Connector Road.

“For the segment , we're already doing the procurement for the contractor. We are bidding it in multiple months,” Luigi Bautista, president and general supervisor of NLEx, instructed journalists on Friday.

He stated the task has already enticed “six to seven bidders” but refused to disclose their identification.

“The intention is with a view to become aware of the contractor with the aid of around May so that around that point we are able to already issue the NTP (note to continue),” Bautista said.

Last November, DM Consunji Inc. Bagged the P8-billion settlement for the first section, wherein it might awareness on the primary five kilometers of the NLEx Connector Road, from the stretch of Grace Park, Caloocan City to España St., Sampaloc, Manila.

The 2d segment, in the meantime, could run from España to Polytechnic University of the Philippines (PUP) in Sta. Mesa.

NLEx Connector Road is an eight-km all elevated 4-lane toll freeway extending the NLEx southward from the quit of Segment 10 in C3 Road Caloocan City to PUP Sta. Mesa, Manila and connecting to the Skyway Stage 3, and on the whole traversing the PNR rail track. The assignment includes two interchanges placed at C3 Road, Caloocan and España, Manila.

Once finished, the multi-billion peso project might cut tour time between NLEx and South Luzon Expressway from two hours to 20 mins and cater to 35,000 motorists per day.

THE stock market ended a wild trading week in the purple on Friday as investors remain haunted through the continued economic effect of the coronovirus disorder 2019 (Covid-19).

The Philippine Stock Exchange index (PSEi) shed 0.Fifty eight percent or forty three.22 percentage to finish at 7,369.78, even as All Shares declined through zero.67 percentage or 29.Eleven factors to stop at four,346.

The “PSEi retreated…after encountering resistance at 7,431 because of Friday income-taking up selected blue-chip stocks,” Unicapital Securities equity analyst Christopher San Pedro said in a mobile message.

He also stated Covid-19 continued to weigh on market sentiment because it kept posing threats to the worldwide economy.

Japhet Louis Tantiangco, studies analyst at Philstocks Financial Inc., shared San Pedro’s view, attributing Friday’s drop to “lingering Covid-19 worries.”

“Investors are concerned of a possible international outbreak, which changed into warned about through the WHO (World Health Organization) chief [Dr. Tedros Adhanom Ghebreyesus],” he said in a textual content message.

Their feedback comes after an eruption of recent Covid-19 instances in South Korea, Iran and Chinese hospitals and prisons rekindled concerns approximately the unfold of the virus, which has killed greater than 2,200 human beings.

The WHO warned that countries could face a serious trouble if they fail to “hit difficult now” against the virus, which has infected more than 75,000 in China and over 1,100 overseas.
China in advance pointed to legitimate figures displaying new cases slowing this week as evidence that its drastic containment measures are working, however fresh infections emerged at  Beijing hospitals, and more than 500 others were suggested in prisons across the country.