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Manila Bulletin devider Business devider NEDA Board approves Swiss challenge for TPLEX extension

NEDA Board approves Swiss challenge for TPLEX extension

Published Nov 9, 2023 10:14 am

At A Glance

  • President Marcos has given the green light for the TPLEX Extension Project's Swiss challenge that will be implemented by the Department of Public Works and Highways (DPWH).<br>The National Economic and Development Authority (NEDA) Board, chaired by the President, has also approved the negotiated parameters, terms, and conditions (PTCs) of the project.<br>The project will be awarded by May 2024 if there are challengers after the Swiss challenge process. Otherwise, it will be awarded to San Miguel Holdings Corp. (SMHC), the original proponent, by March 2024.<br>The TPLEX Extension Project is a 59.4 km 4-lane toll road.<br>It will interconnect the Ilocos Region, Central Luzon, and Metro Manila.<br>The estimated total project cost is P23.4 billion.<br>Construction is expected to be completed within five years from the contract signing.<br>The NEDA Board initially approved the project on June 2, 2023, allowing negotiations to commence with the Original Proponent.

President Marcos has given the go-ahead for the Department of Public Works and Highways (DPWH) to proceed with the Swiss challenge for the Tarlac-Pangasinan-La Union Expressway (TPLEX) Extension Project.  

The President, as the chair of the National Economic and Development Authority (NEDA) Board, has also granted approval for the negotiated parameters, terms, and conditions (PTCs) of the TPLEX Extension Project between the government and San Miguel Holdings Corp. (SMHC).

After the approval, the DPWH will now move forward with the publication of the invitation for comparative proposals, in compliance with the Revised 2022 Build-Operate-Transfer (BOT) Law Implementing Rules and Regulations and Investment Coordination Committee (ICC) Guidelines.

Following the Swiss challenge, the project is expected to be awarded by May 2024 in case there will be challengers. 

Otherwise, it will be awarded to SMHC, the original proponent, by March 2024. The project construction is expected to be completed within five years from the signing of the contract. 

The TPLEX Extension Project, which will be implemented through public-private partnership (PPP), is a 59.4 km four-lane toll road which will start from the TPLEX in Rosario, La Union and will terminate at San Juan, La Union. 

The estimated total project cost is P23.4 billion. 

The project aims to provide an additional expressway which will interconnect the Ilocos Region, Central Luzon, and Metro Manila.

It is expected to stimulate economic activity, mitigate road congestion, as well as provide better and safer road access going to the Ilocos Region. 

The TPLEX Extension Project was initially approved by the NEDA Board last June 2, 2023, allowing the DPWH to commence negotiation with the Original Proponent.  

This project is among the 197 Infrastructure Flagship Projects (IFPs) of the Marcos administration.  

Last month, the NEDA Board likewise approved two PPP projects, namely, the Dialysis Center PPP Project for the Renal Center Facility of the Baguio General Hospital and Medical Center (BGHMC) and the Upgrade, Expansion, Operation, and Maintenance of the Bohol-Panglao International Airport Project. 

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National Economic and Development Authority (NEDA) NEDA Board
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