San Miguel Corp. vowed to submit by early August a definitive agreement with the provincial government of Cavite after the diversified conglomerate agreed with Metro Pacific Investments Corp. to jointly develop an expressway connecting Cavite and Batangas.
“The final joint agreement will be submitted in the next two weeks,” Cavite Governor Jonvic Remulla told transport journalists.
This was after San Miguel and MPIC agreed to jointly develop an expressway connecting Batangas and Cavite province.
Remulla said the partners will submit a revised document for the Cavite-Batangas Expressway (CBEx) project.
The provincial government earlier green lighted the P27 billion unsolicited proposal of San Miguel Holdings Corp., SMC’s infrastructure unit, to develop the 27-kilometer Cavite-Batangas Expressway .
The CBEX will traverse the municipalities of Silang, Amadeo, Tagaytay, Indang, Mendez and Alfonso in Cavite and Nasugbu in Batangas. It is shorter than the proposed toll road submitted by another group to the national government.
San Miguel has also secured a 35-year concession to design, build, operate, and maintain the four-lane, 61-kilometer toll road or the Nasugbu-Bauwan Expressway (NBEX) for P44.77 billion.
NBEX, which begins at Brgy. Kaylaway, Nasugbu town, runs parallel to the Tagaytay-Nasugbu and Palico-Balayan highway system. The terminus of NBEX at Brgy. Kaylaway connects the expressway to another SMC Infrastructure project, the Cavite-Batangas Expressway (CBEX), which leads to Tagaytay City and Silang, Cavite.
Metro Pacific Tollways Corp. in 2018 proposed to the Department of Public Works and Highways a similar project that would also connect Cavite and Batangas to Tagaytay City or the Cavite-Tagaytay Batangas Expressway (CTBEX) project for P22.4 billion.
The DPWH earlier granted original proponent status to MPTC for the CTBEX, a 50.4-kilometer toll road connecting Cavite and Batangas, with a spur road to Tagaytay City ultimately terminating in Nasugbu and another spur road to Tuy, Batangas.
CTBEX is seen to decongest and handle 23,000 vehicles daily at nearby thoroughfares. Cavite and Batangas are rapidly-growing provinces playing host to major industrial parks, commercial districts and residential projects.
MPTC operates the North Luzon Expressway, Cavite Laguna Expressway, Subic-Clark Tarlac Expressway, Manila-Cavite Expressway and C5 Southlink Expressway.
SMC operates the Tarlac-Pangasinan-La Union Expressway (TPLEX), the Skyway System that connects Balintawak to Makati through an elevated expressway; the South Luzon Expressway, and the Southern Tagalog Arterial Road ( STAR ) Tollway.
