"As a government representative in the joint venture and franchise holder with fiduciary responsibility to the riding public, PNCC is constrained to elevate this complaint to the TRB. It should review whether CMMTC may be declared in default or be required to remedy the situation immediately pursuant to the Special Toll Operating Agreement (STOA)," lawyer Madel Tacardon, PNCC spokesperson said.
The Skyway was envisioned to be an overhead motorway along the SLEX from Buendia in Makati to Alabang, Muntinlupa.
The CMMTC has completed the first stage of the project covering the Buendia to Bicutan stretch. Stage 2, the portion that connects Bicutan to Alabang, was supposed to have been completed in 1999.
PNCC, as the joint venture partner of CMMTC, has been demanding that the latter submit a credible plan approved by its board of directors.
Tacardon also claimed CMMTC continues to fail in the fulfillment of its commitments and obligations under the joint venture contract, including adequate exit lanes, as six lanes from the Skyway are funneled to a one lane exist, causing massive traffic jams.