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SMC to invest PHP 168 Billion on toll roads

25 Mar

BY UNICAPITAL SECURITIES

Ramon S. Ang, president and chief operating officer of San Miguel Corp. (SMC), said the conglomerate is investing PHP 168 billion to put the country’s toll roads at par with those in neighboring countries in Asia.

SMC, through South Luzon Tollways Corp. (SLTC) is spending PHP 13.1 billion to construct the Southern Luzon Expressway-Toll Road 4 (SLEX-TR4) extending the highway all the way to Lucena in Quezon from Sto. Tomas in Batangas.

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The proposed tollroad is projected to be completed by 2019.

SMC has been focusing on tollroad projects including the PHP 15.5 billion NAIA expressway project through Vertex Tollways Development Inc., the PHP 24 billion TPLEX through Philippine Infrastructure Development Corp. (PIDC), and the PHP 26.5 billion Metro Manila Skyway Stage 3 project via Citra Central Expressway Corp. (CCEC).

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Posted by on March 25, 2015 in Corporate News, SMC, Stock Market

 

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