IMPROVED regional connectivity, safer access, and traffic decongestion are in sight after Department of Transportation (DOTr) Secretary Art Tugade and San Miguel Corporation (SMC) President and CEO Ramon Ang signed the Supplemental Toll Operations Agreement (STOA) for the South Luzon Expressway Toll Road 5 (SLEX TR5) Friday, June 2, 2022.
A vital component of the toll road project SLEX TR5, the signed STOA will be submitted to the Office of the President for approval.
Secretary Tugade and Ang were joined by DOTr Undersecretary for Finance Giovanni Lopez and Toll Regulatory Board (TRB) Executive Director Alvin Carullo, San Miguel Holdings Corporation Senior Vice President Lorenzo Formoso, Department of Public Works and Highways (DPWH) Senior Undersecretary Rafael Yabut, and other signatories in a ceremony Friday morning.
According to TRB and the toll concessionaires, the SLEX TR5 will connect the provinces of Quezon and Bicol.
It is also expected to provide better and safer access to tourism destinations, Ro-Ro (roll-on/roll-off) ports, and fish ports in the two provinces and address traffic congestion in the Bicol Region.
The TR5 is a 4-lane divided toll road that starts from the terminal point of the South Luzon Expressway Toll Road 4 (SLEX TR4) Project at Bgy. Mayao, Lucena City in Quezon Province, and ends at Matnog, Sorsogon, near the Matnog Ferry Terminal.
The toll road is approximately 420 kilometers long and will be composed of 28 interchanges.
The toll road will also have eight segments. As a toll road project, the SLEX TR5 will involve various activities such as a right of way acquisition (ROWA) and construction, among others.
The SLEX Toll Road 5 is under the San Miguel Holdings Corporation (SHMC) and the Philippine National Construction Corporation (PNCC) joint venture.