Business

SMC proposes P24B TPLEX to La Union expressway

The infrastructure arm of conglomerate San Miguel Corp. has submitted an unsolicited proposal to the Department of Public Works and Highways (DPWH) to extend the existing Tarlac-Pangasinan- La Union Expressway (TPLEX) up to La Union.

The infrastructure arm of conglomerate San Miguel Corp. has submitted an unsolicited proposal to the Department of Public Works and Highways (DPWH) to extend the existing Tarlac-Pangasinan- La Union Expressway (TPLEX) up to La Union.

Estimated to cost about P23.95 billion, the project involves a 59.4 kilometer four-lane toll road which will start from the last exit of the TPLEX in Rosario, La Union and will terminate at San Juan, La Union.

The first of three segments is an 18 km road which runs from Rosario to Tubao, while the second segment is a 23 km expressway from Tubao to Naguilian. The last segment will comprise 18.4 km from Naguilian to San Juan.

SMC said the project aims to promote the development of Northern Luzon and facilitate connectivity to Central Luzon and Metro Manila through high speed and secured access.

San Miguel-led Private Infra Dev Corp. holds the concession for TPLEx, an 88.85-km, four-lane, high-speed toll road that connects Northern Luzon to Manila. It is designed to integrate with other major toll roads such as North Luzon Expressway and Subic-Clark-Tarlac Expressway.

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