Business World

Toll road agreement for Pasig River Expressway due for signing

- Arjay L. Balinbin

SAN MIGUEL Holdings Corp. and its partner Philippine National Constructi­on Corp. are set to sign a supplement­al toll operations agreement with the Toll Regulatory Board (TRB) today, Sept. 21, for the 9.37-kilometer Pasig River Expressway (PAREX).

The Department of Transporta­tion announced the signing in an advisory. The agreement will be concluded more than a year after the TRB declared the P95.40-billion elevated expressway project a toll road.

The road is intended as a direct link between western and eastern Metro Manila.

PAREX is a six-lane, all elevated expressway traversing the river, which runs from Rizal to Manila Bay. “The project starts from Radial Road 10 (R-10) in the City of Manila and shall terminate at a connection to the South East Metro Manila Expressway at Circumfere­ntial Road 6. The Project will connect and utilize a 2.7-kilometer portion of Skyway Stage 3 from Nagtahan to Plaza Azul,” the Department of Public Works and Highways said on its website.

The expressway is expected to aid in decongesti­ng R-10, Epifanio de los Santos Avenue, and Circumfere­ntial Road 5 by providing connectivi­ty among toll roads and freeways of the capital.

In January, San Miguel Corp. President Ramon S. Ang said in a statement that the project “can be completed by 2023.”

Former TRB Executive Director Abraham P. Sales said in August last year that the constructi­on of the project was being targeted to start within the remaining two years of the government’s term. —

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