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San Miguel bags P27 billion Cavite-Batangas Expressway

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ABS-CBN News

<p>MANILA - San Miguel Corp said on Tuesday the Provincial Government of Cavite awarded it with the 35-year tollway concession for the P27 billion Cavite-Batangas Expressway (CBEX) project. </p><p>The concession, which includes the construction and operations of the tollway, was awarded to San Miguel Holdings Inc on Feb. 7, SMC said in a disclosure to the stock exchange.</p><p>The project covers a 27-kilometer toll road passing through the municipalities of Silang, Amadeo, Tagaytay, Indang, Mendez and Alfonso in Cavite and ending near Nasugbu, Batangas, SMC said.</p><p>The project aims to connect the NCR and Cavite, Laguna, Batangas, Rizal and Quezon to &quot;enhance the mobility of people and goods in the area and mitigate congestion in CALABARZON,&quot; it added.</p><p>SMC also proposed to build the Pasig River Expressway (PAREX). It is also building the new airport in Bulakan, Bulacan.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/21/21/san-miguel-takes-step-closer-to-pasig-river-expressway">San Miguel Corp, govt officials sign agreement on Pasig River Expressway</a></li>	<li><a href="https://news.abs-cbn.com/business/10/12/20/san-miguel-gets-senates-final-nod-to-build-operate-new-airport-in-bulacan">San Miguel gets Senate&#x27;s final nod to build, operate new airport in Bulacan</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2491754" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

San Miguel Corp said the Provincial Government of Cavite awarded it with the 35-year tollway concession for the P27-billion Cavite-Batangas Expressway (CBEX) project. 