MPTC chairman Manuel V. Pangilinan (right) signs a Memorandum of Agreement with SMC chief executive officer Ramon S. Ang (left) to design, build, and operate CBEX and NBEX. Photo courtesy of MPT South
MPTC, SMC ink deal to build CBEX, NBEX
METRO Pacific Tollways Corporation (MPTC) and San Miguel Corporation (SMC) yesterday announced the signing of a Memorandum of Agreement (MOA) to design, build and operate the 87.96-kilometer Cavite-Batangas Expressway (CBEX) and Nasugbu-Bauan Expressway (NBEX).
The project aims to connect MPTC’s Cavite-Laguna Expressway (CALAX) to Bauan, Batangas, making travel easier and more convenient for motorists.
The signing led by MPTC chairman Manuel V. Pangilinan and SMC chief executive officer Ramon S. Ang, along with Chaye Cabal Revilla and SMC SVP, Infrastructure Business head Lorenzo Formoso III, marked a significant milestone in the development of the P72 billion CBEX and NBEX project.
The MOA signing underscores the commitment of both toll road companies to deliver world-class expressways that will serve the needs of millions of motorists and commuters in the CALABARZON region.
“Our shared commitment to nation-building has led us to this historic collaboration. Together, we aim to deliver world-class road networks that will serve as arteries of progress, growth and development for our country and the Filipino people. This collaboration stands as a testament to what we can achieve when we are united in purpose,” SMC president and CEO Ramon S. Ang said.
“Together with SMC, we envisage a future where our CBEX and NBEX can help pave the way for connectivity and economic growth in the CALABARZON region. We look forward to leveraging on our respective strengths for the realization of this vital infrastructure project.” said MPTC chairman Manuel V. Pangilinan.
Under the agreement, MPTC and SMC will jointly undertake the construction, operation and maintenance of the 88-kilometer-long toll road projects.
This will encompass two vital expressways: One is the 27.06-kilometer CBEX that will establish a crucial link connecting CALAX’ Silang (Aguinaldo) Interchange to Nasugbu, Batangas, while the 60.90-kilometer NBEX will provide seamless connectivity from Nasugbu to Bauan, Batangas.
The route will traverse the townships of Silang, Amadeo, Tagaytay, Indang, Mendez, and Alfonso in Cavite before crossing into Nasugbu and finally reaching Bauan, Batangas.
The groundbreaking is scheduled for 2024.
CBEX and NBEX are expected to be completed and open to the public in 2027. With Jun Legaspi
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