MANILA – San Miguel Corporation (SMC) is expecting to complete the extension of the South Luzon Expressway (SLEX) all the way to Quezon by 2019.
SMC is looking to start construction in the P13.1 billion SLEX-Toll Road 4 (SLEX-TR4) project in January 2016, with the first section from Sto. Tomas to Makban, Laguna to be completed by mid-2017.
The four-lane, 58-kilometer project is expected to cut travel time between Sto. Tomas to Lucena from four hours to about one hour.
“We look at infrastructure as an opportunity to participate in the growth of our country. Quality infrastructure will change and impact lives,” said SMC president and chief operating officer Ramon Ang.
“The tollway will help encourage new investments across these regions. Land values will appreciate; new businesses will emerge. Because of the new roads, progress will be brought to the towns and barangays. And we are happy that we are in a position to contribute,” he added.
The SLEX-TR4 also aims to make traveling to and from Southern Luzon region safer with wider lanes, guard rails, median barriers, well-lighted toll plazas, and CCTV cameras.
The project is divided into five sections: Section 1 covers Sto. Tomas, Batangas to Macban Laguna (10.58 kms); Macban, Laguna to San Pablo, Laguna (12.2 kms); San Pablo, Laguna to Tiaong, Quezon (8.1-kms); Tiaong to Candelaria, Quezon (14.4 kms), and Candelaria to Lucena City, Quezon (12.31-kms).
President Aquino attended the project briefing in Tiaong, Quezon on Monday.
SLEX-TR4 is SMC’s latest infrastructure project. The firm is also behind the construction of the Tarlac-Pangasinan-La Union Expressway, the elevated Skyway system and the Skyway Stage 3 project, the NAIA Expressway project, the existing SLEX, and the recently upgraded and expanded Southern Tagalog Arterial Road (STAR) Tollway.
Ang said SMC is looking to invest about P168 billion to construct modern tollroads and highways that are at par with those in neighboring Asian countries in the coming years.