Alabang-Sto. Tomas Development Inc. (ASDI), a joint venture between the
Philippine National Construction Corporation (PNCC) and the National Development Company (NDC), was incorporated in 2005 to undertake what was initially known as the Daang Hari–SLEX Connector Road Project. On December 15, 2009, ASDI and PNCC signed a Memorandum of Agreement, with ASDI as the Main Turnkey Contractor. The project was 25% complete when the
Department of Public Works and Highways (DPWH) took over for public bidding.
Ayala Corporation won the bid for , reimbursing ASDI . Known in the planning stages as the
Daang Hari–SLEX Link Road, the expressway was approved by the
National Economic and Development Authority board on July 18, 2011, making it the first toll road awarded under the
Public-Private Partnership program of the
Benigno Aquino III administration. The Notice of Award was issued on December 22, 2011, and Ayala Corporation signed a 30-year concession agreement on April 12, 2012. Construction began on October 1, 2012, and concluded on June 30, 2015. On July 24, 2015, at 2:00 p.m.
PHT, the expressway was opened to traffic following its inauguration by President
Benigno Aquino III. On December 7, 2019,
FWD Life Philippines and AC Infra announced their Expressway Sponsorship Program, renaming the expressway as FWD-Muntinlupa-Cavite Expressway (FWD-MCX) as part of FWD's marketing initiative. ==Toll==