Metro Pacific Investments Corp. unit Metro Pacific Tollways Corp. (MPTC) and San Miguel Corp. (SMC) yesterday sealed an agreement to jointly construct and operate two major expressway projects worth P72 billion that will connect Cavite and Batangas and will be operational in 2027.
MPTC chairman Manuel Pangilinan and SMC chief executive officer Ramon Ang led the signing of the memorandum of agreement (MOA) to design, build and operate the 87.96-kilometer Cavite-Batangas Expressway (CBEX) and Nasugbu-Bauan Expressway (NBEX).
Under the agreement, MPTC and SMC will jointly undertake the construction, operation and maintenance of the toll road projects that will encompass two expressways —- the 27.06-km CBEX that will establish a crucial link connecting Cavite-Laguna Expressway’s (Calax) Silang (Aguinaldo) Interchange to Nasugbu, Batangas; and the 60.9-km NBEX that will connect from Nasugbu to Bauan, Batangas.
The groundbreaking is scheduled in 2024. CBEX and NBEX are expected to be completed and open to the public by 2027.
Throughout the project, MPTC and SMC will work closely with the government, local communities and stakeholders to ensure a sustainable and responsible development that aligns with the country’s infrastructure goals.
“Together with SMC, we envisage a future where our CBEX and NBEX can 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,” said Pangilinan.
The route will traverse the townships of Silang, Amadeo, Tagaytay, Indang, Mendez and Alfonso in Cavite before crossing into Nasugbu and finally reaching Bauan, Batangas.
In 2018, MPTC proposed the 50.4-km Cavite-Tagaytay-Batangas Expressway project to the Department of Public Works and Highways and was granted the original proponent status. Similarly, SMC’s unsolicited proposal for the CBEX and NBEX was approved by the Cavite and Batangas government.
