Sunday, April 18, 2021
HomeEconomySMC allots P4.6B for SLEX extension from Batangas to Quezon

SMC allots P4.6B for SLEX extension from Batangas to Quezon

SMC SLEX, Inc. has earmarked P4.6 billion this year to partially fund construction of the four-lane, 66.74-kilometer extension of the South Luzon Expressway from Sto. Tomas, Batangas to Lucena City, Quezon Province
• Ongoing are construction works in Alaminos, Laguna and Tiaong, Quezon and right-of-way acquisition activities
• With a total cost of P26.1 billion, the project is eyed for completion in 2024
• The new toll road will shorten travel time from Sto. Tomas to Barangay Mayao in Lucena City from the usual three hours to just 45 minutes
SMC SLEX, Inc., formerly South Luzon Tollways Corp., has earmarked P4.6 billion this year to partially fund construction of the 66.74 kilometer (km) extension of the South Luzon Expressway (SLEX) from Sto. Tomas, Batangas to Lucena City, Quezon Province.

This was confirmed by parent firm San Miguel Corp. (SMC) in a regulatory disclosure on April 6.

According to SMC SLEX, the four-lane Toll Road 4 Project will extend SLEX from Toll Road 3 in Sto. Tomas, Batangas to Lucena City at a total cost of P26.1 billion.

Construction works in Alaminos, Laguna and Tiaong, Quezon are ongoing while right-of-way acquisition is also underway.

Eyed for completion in 2024, the new toll road will shorten travel time from Sto. Tomas to Barangay Mayao in Lucena City from the usual three hours to just 45 minutes.

Toll Road 4 is part of the four toll roads of SLEX, of which three are operational.

SMC SLEX has a 30-year concession in SLEX that runs until 2036.

Last year, the Toll Regulatory Board agreed to declare SLEX Toll Road 5 as a toll road project as proposed by the joint venture of SMC and Philippine National Construction Corp.

READ: Terms of SLEx Toll Road 5, PAREX for finalization

Toll Road 5 will be a four-lane divided toll road that starts from the terminal point of the SLEX Toll Road 4 in Barangay Mayao and ends in Matnog, Sorsogon, near the Matnog Ferry Terminal. The toll road will be around 420 km long, to be composed of eight segments and a total of 28 interchanges.

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