Metro Pacific Tollways Corp. on Tuesday signed a memorandum of agreement (MOA) with San Miguel Corp. to jointly build, operate and maintain two expressways in the south of Metro Manila for P72 billion.
Under the agreement, MPTC and SMC jointly undertake the construction, operation and maintenance of the 87.96-kilometer Cavite-Batangas Expressway (CBEX) and Nasugbu-Bauan Expressway (NBEX).
The project connects MPTC’s Cavite-Laguna Expressway (“CALAX”) to Bauan, Batangas, making travel easier and more convenient for motorists.
This will encompass two vital expressways – the 27.06-kilometer CBEX that will link CALAX’ Silang (Aguinaldo) Interchange to Nasugbu, Batangas and the 60.90-kilometer NBEX that provides seamless connectivity from Nasugbu to Bauan, Batangas.
The groundbreaking is scheduled for 2024 and both CBEX and NBEX are expected to be completed and open to the public in 2027.
“Our shared commitment to nation-building has led us to this historic collaboration. Together, we aim to deliver world-class road networks that will serve as arteries of progress, growth and development for our country and the Filipino people,” Ramon S. Ang said.
MPTC chairman Manuel V. Pangilinan said the company sees a future where CBEX and NBEX help pave the way for connectivity and economic growth in the CALABARZON region.
“We look forward to leveraging on our respective strengths for the realization of this vital infrastructure project,” he said.
The MOA signing underscores the commitment of the toll road companies to deliver world-class expressways that will serve the needs of millions of motorists and commuters in the CALABARZON region.
