Business

SMC opens final TPLEX section as it remains commited to pursue infra projects

Conglomerate San Miguel Corp. formally opened the last section of the 89.21-km Tarlac Pangasinan La Union Expressway (TPLEX), completing the four-lane toll road project that will cut travel time from Manila to Baguio to just three hours.

SMC president Ramon S. Ang said the opening of the final 11-kilometer TPLEX segment would speed up travel to and from Northern Luzon provinces and help significantly boost economic activity in the region amid the coronavirus pandemic.

“In the face of a global pandemic that has also greatly affected our economy and the livelihoods of many Filipinos, we at San Miguel Corp. remain committed to continuing our investments in growth-generating and job-creating projects that will help build the resilience of our people,” said Ang.

“By not scaling back on investments in infrastructure, we will be able to create more jobs, keep the flow of goods and services moving, and pave the way for more local tourism for the long-term,” he added.

TPLEX now has 10 interchanges and 11 toll plazas located in Tarlac City, Victoria, Pura, Ramos, Anao, in Tarlac; Carmen, Urdaneta, Binalonan, Pozorrubio, Sison in Pangasinan, and Rosario, La Union.

SMC received original proponent status for its proposal to extend the TPLEX from Rosario, La Union to San Juan, La Union, whose beaches have become a hot spot for local tourism. The proposed four-lane extension project will cover some 59 kilometers.

“Our next goal now is to extend TPLEX all the way to San Juan. We look forward to the continued support of our national and local governments for this project, which will bring even more growth to the region,” Ang said.

Since the COVID-19 pandemic struck in March, SMC, under Ang, has spent over P13 billion on various efforts to help boost government response, provide life-saving medical equipment and supplies to front liners, and donate food and disinfectant alcohol to disadvantaged communities.

Ang said contributions towards the recovery of the economy, which include initiatives to boost public health capacity and workplace health safety; support the agriculture sector and boost infrastructure, are among SMC’s priorities in the coming months.

SMC is pushing through with its plan to build the P735-billion Manila International Airport project in Bulakan, Bulacan.

The massive development is expected to solve perennial congestion problems at the NAIA, increase the country’s competitiveness as a tourist and investment destination, and produce over a million direct and indirect jobs throughout Bulacan, neighboring Luzon provinces, and nationwide.

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