Diversified conglomerate San Miguel Corp. is on track to start within the next 12 months the construction of over P300 billion in tollways that will improve mobility around Luzon.
The Toll Regulatory Board expects SMC to begin the civil works for the Northern Access Link Expressway this year following the submission of the final engineering design of the project.MANILA, Philippines — Diversified conglomerate San Miguel Corp. is on track to start within the next 12 months the construction of over P300 billion in tollways that will improve mobility around Luzon.
Carullo said SMC laid the groundwork for the Balintawak section of NALEX earlier this year. With this, the company can proceed with the construction of the toll road as soon as the final engineering design is approved. Meanwhile, SMC is tasked to complete the final engineering design for SALEX within June. If things go as scheduled, it may start putting up the tollway by early next year.
For 2025, SMC is also scheduled to push through with the first leg of the SLEX TR5. The initial phase of the project will span almost 60 kilometers from Lucena to Gumaca, Quezon, and will cost P22.6 billion. The Metro Pacific Group is looking for an investor who can finance the P7-billion expansion that would improve the traffic...
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