SMC, Batangas LGU sign JVA for P44-B Nasugbu-Bauan Expressway
Published Mar 22, 2023 09:46 am
San Miguel Corporation (SMC) is undertaking the P44.77-billion Nasugbu-Bauan Expressway (NBEX) project connecting the eastern and western portions of Batangas and today, Wednesday, March 22, signed a 35-year concession to design, build, operate, and maintain the four-lane, 61-kilometer toll road with the Batangas provincial government.
The project will "unlock the economic potential of Batangas”, SMC President and CEO Ramon S. Ang remarked.
Specifically, “This project will drive a lot of development for our province and for our towns here in the first district," says Governor Hermilando Mandanas.
"We have committed to deliver 70 percent of the NBEX project’s profits to the local government, once its operational, to be used to provide vital services for our compatriots in the province," Ang pledged.
Once complete, the NBEX will make Nasugbu, Balayan, Lemery, Bauan, the City of Calaca, and other municipalities, more accessible.
Transportation of people and goods will be easier, faster, and more efficient resulting in lower cost of business and higher economic activity. The 61-km expressway will cut travel time by half between Nasugbu to Bauan, Batangas from 1.5 hours to 45 minutes and reduce the usual 5-hour trip to and from Manila to 2 hours. NBEX, which begins at Brgy. Kaylaway, Nasugbu town, runs parallel to Tagaytay-Nasugbu and Palico-Balayan highways.
The terminus of NBEX at Brgy. Kaylaway connects the expressway to another SMC Infrastructure project, the Cavite-Batangas Expressway (CBEX), which leads to Tagaytay City and Silang, Cavite. The project has four sections: Section 1 is a 10.78-km segment that stretches from Brgy. Kaylaway to Brgy. Banilad in Nasugbu town; Section 2 is a 13.03-km segment from Brgy. Banilad to Balayan town; Section 3 is a 16.3-km segment from Balayan to Lemery, and Section 4 is a 20.79-km segment from Lemery to Bauan.
SMC targets for substantial completion of the project within 48 months, including the 12-month development of the detailed engineering design, says Ang. NBEX is the latest addition to the growing infrastructure portfolio of SMC, the country’s most diversified conglomerate.
Aside from NBEX, SMC operates the Tarlac-Pangasinan-La Union Expressway (TPLEX), the Skyway System that connects Balintawak to Makati through an elevated expressway; the South Luzon Expressway, and the Southern Tagalog Arterial Road ( STAR ) Tollway.
The project will "unlock the economic potential of Batangas”, SMC President and CEO Ramon S. Ang remarked.
Specifically, “This project will drive a lot of development for our province and for our towns here in the first district," says Governor Hermilando Mandanas.
"We have committed to deliver 70 percent of the NBEX project’s profits to the local government, once its operational, to be used to provide vital services for our compatriots in the province," Ang pledged.
Once complete, the NBEX will make Nasugbu, Balayan, Lemery, Bauan, the City of Calaca, and other municipalities, more accessible.
Transportation of people and goods will be easier, faster, and more efficient resulting in lower cost of business and higher economic activity. The 61-km expressway will cut travel time by half between Nasugbu to Bauan, Batangas from 1.5 hours to 45 minutes and reduce the usual 5-hour trip to and from Manila to 2 hours. NBEX, which begins at Brgy. Kaylaway, Nasugbu town, runs parallel to Tagaytay-Nasugbu and Palico-Balayan highways.
The terminus of NBEX at Brgy. Kaylaway connects the expressway to another SMC Infrastructure project, the Cavite-Batangas Expressway (CBEX), which leads to Tagaytay City and Silang, Cavite. The project has four sections: Section 1 is a 10.78-km segment that stretches from Brgy. Kaylaway to Brgy. Banilad in Nasugbu town; Section 2 is a 13.03-km segment from Brgy. Banilad to Balayan town; Section 3 is a 16.3-km segment from Balayan to Lemery, and Section 4 is a 20.79-km segment from Lemery to Bauan.
SMC targets for substantial completion of the project within 48 months, including the 12-month development of the detailed engineering design, says Ang. NBEX is the latest addition to the growing infrastructure portfolio of SMC, the country’s most diversified conglomerate.
Aside from NBEX, SMC operates the Tarlac-Pangasinan-La Union Expressway (TPLEX), the Skyway System that connects Balintawak to Makati through an elevated expressway; the South Luzon Expressway, and the Southern Tagalog Arterial Road ( STAR ) Tollway.