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

PASIG, Phil ippines 14th August 2023
– Metro Pacific Tollways
Corporation (“MPTC”),
the tollways infrastructure unit of Metro Pacific Investments Corporation and San Miguel
Corporation (“SMC”) today 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 ceremony, led by MPTC
Chairman Manuel V.
Pangilinanand SMC
Chief Executive Officer
Ramon S. Ang, along
with Chaye Cabal Revilla and SMC SVP, Infrastructure Business
Head Lorenzo Formoso
III, marks 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.
Throughout the project, MPTC and SMC will
work closely with the
Philippine government,
local communities, and
stakeholders to ensure
a sustainable and responsible development
that aligns with the
country’s infrastructure
goals.
“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 groundbreaking is scheduled
for 2024 and CBEX and
NBEX are expected to
be completed and open
to the public in 2027.
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.
In 2018, MPTC
presented a proposal
for the 50.4-kilometer
Cavite-Tagaytay-Batangas Expressway (CTBEX) project to the
Department of Public
Works and Highways
and was granted the
original proponent status. Similarly, SMC’s
unsolicited proposal
for the CBEX and NBEX
was approved by the
Cavite and Batangas
government. Both projects share the common
goal of connecting the
provinces of Cavite
and Batangas through
Tagaytay City and MPTC
and SMC have come together as partners in
this significant venture.
Both MPTC and
SMC share a common
goal of contributing
to the development of
road infrastructure and
enhancing the transportation sector in the
country. Aside from
CALAX, MPTC currently holds the concession for several vital
expressways, including
the Manila-Cavite Expressway (CAVITEX),
its C5 Link Segment, the
North Luzon Expressway (NLEX), the SubicClark Tarlac Expressway (SCTEX), the NLEX
Connector Road, and
the Cebu-Cordova Link
Expressway (CCLEX) in
Cebu. Whilst SMC holds
the concession for crucial toll roads such as
the South Luzon Expressway (SLEX), Skyway, NAIA Expressway
(NAIAX), Star Tollway, Tarlac-Pangasinan-La Union Expressway (TPLEX), and the
Muntinlupa-Cavite Expressway (MCX).
The implementation of the transaction
is subject to completion
of certain conditions,
including the execution
procurement relevant
approvals and execution of definitive agreements.
About Metro Pacific
Tollways Corporation
(“MPTC”)
MPTC is the leading
toll road concessionaire and operator in the
Philippines. It manages and operates a network of expressways ,
contributing to the improvement of transportation infrastructure
and connectivity in the
country.
About San Miguel
Corporation (“SMC”)
SMC is one of the
largest and most diversified conglomerates
in the Philippines. It
operates businesses in
various industries, including food and beverage, packaging, infrastructure and energy.
The company is committed to nation building and contributing to
the country’s progress
through various infrastructure projects. For
further information
please contact :
Rogelio “Babes” L.
Singson Melody del Rosario MPTC President &
CEO Vice President, PR
& Corp. Comms C