San Miguel Corp. (SMC) is ready to start construction of two major infrastructure projects costing P122 billion that will help boost economy amid the coronavirus disease pandemic.
These are the 420-kilometer South Luzon Expressway Tollroad 5 (SLEX-TR5) that will connect Quezon province and the Bicol region, and the 19.40-km. Pasig River Expressway (PAREX), tshat will connect the eastern and western sides of Metro Manila.
SMC eyes to start construction of the projects as soon as all permits and clearances are obtained.
“SLEX TR5 will take four years to complete, and PAREX, three years. By that time, the pandemic would have been far behind us. Other major infrastructure projects would also be complete. Our Bulacan Airport project would also be complete. So imagine: within five years, the Philippines will be transformed, and be better than ever,” said Ramon Ang SMC president and chief operating officer.
The Toll Regulatory Board’s (TRB) technical working group is in discussions with SMC and its joint venture partner, Philippine National Construction Corp., on the technical, financial and legal considerations for the project.