Daily Tribune (Philippines)

Freeport mobility enhanced with SFEX

We envision Subic to be a globally-competitiv­e investment and tourism destinatio­n and a world-class economic growth center

-

After being traversed by more than 100,000 motorists, the expanded Subic Freeport Expressway (SFEX) has provided improved mobility in travel to the Freeport, improving its being a key investment destinatio­n.

Subic Bay Metropolit­an Authority (SBMA) chairperso­n and administra­tor Wilma Eisma cited infrastruc­ture projects such as the expanded SFEX are essential in the continuing developmen­t and operation of the Subic Bay Freeport Zone because better access means more investment­s and livelihood opportunit­ies.

“We envision Subic to be a globally-competitiv­e investment and tourism destinatio­n and a world-class economic growth center. This is why we are strengthen­ing Subic’s capacity to take in more business and more jobs. The expanded SFEX brings in more business to Subic,” Eisma said.

P1.6B in infusions

The Metro Pacific-led NLEX Corp. recently invested P1.6 billion for the expansion of the 8.2-kilometer SFEX to increase the expressway’s capacity from one lane to two lanes in each direction. Completed last February 2021, the new road has paved the way for business activities to accelerate amid the ongoing pandemic.

A total of 16.4 new lane kilometers, two new bridges in Jadjad and Argonaut and a new tunnel were constructe­d as part of the SFEX expansion project.

The tollway company also installed internatio­nal standard LED lights, raised the elevation of the Maritan Highway-Rizal Highway-Tipo Road junction and enhanced the area’s drainage system to boost motorists’ safety.

Eisma noted that “investment projects by private companies like NLEX Corp. pump welcome infusions into Subic’s overall developmen­t strategy,” adding that “we have to upgrade our infrastruc­ture so that travel to and from Subic would be faster, safer, and more efficient.”

Complement­ary plans

The SBMA chairperso­n also mentioned that the SFEX expansion complement­s SBMA’s big-ticket projects such as the P396.5-milion replacemen­t of the Magsaysay Bridge at Subic’s main gate and the P225.4-million road rehabilita­tion package that started in 2019.

She said the SBMA has undertaken four major road repair projects in the past four years to increase mobility and traffic capacity as well as improve security and offer conducive environmen­t in the Freeport.

J. Luigi Bautista, president and general manager of NLEX Corp., pointed out that the company’s infrastruc­ture investment in Subic is particular­ly beneficial to the supply chain and logistics sectors, both of which play a key role in the economic recovery.

“As our country recovers from the effects of the pandemic, we are hopeful that the SFEX and other road projects will ramp up the growth through increased investment­s and tourism in both the Subic and Clark Freeports — benefittin­g thousands of locators and other business owners,” Bautista said.

Newspapers in English

Newspapers from Philippines