P1.6-billion deal signed for expansion of Subic Freeport Expressway | SubicNewsLink

23 May 2019

P1.6-billion deal signed for expansion of Subic Freeport Expressway

A plan to expand the capacity of the Subic Freeport Expressway (SFEX) by building new expressway lanes, bridges, and tunnel has been finalized.

This, after the NLEX Corporation and Sta. Clara International Corporation recently signed the agreement for the P1.6-billion SFEX capacity expansion project, marking the start of realizing the expansion.


Under the P1.6-billion project fund, construction of two additional expressway lanes, two new bridges at Jadjad and Argonaut, and a tunnel will be implemented.

These additional infrastructure projects aim to better accommodate the growing number of vehicles going in and out of the Subic Bay Freeport.

The officials said expressway-standard LED lights will be installed to keep the SFEX safe and convenient for motorists, particularly for those driving at night.

They further said that the SFEX capacity expansion will improve traffic in the area and promote road safety as the new lanes will segregate northbound and southbound motorists along separate carriageways.

It will also complement the Subic Bay Metropolitan Authority’s (SBMA) infrastructure development program which includes the improvement of airport and seaport, the widening of roads, and the construction of an SBMA Corporate Center.

The contract signing was spearheaded by NLEX Corporation president and general manager Luigi Bautista, NLEX Corporation chief operating officer Raul Ignacio and Sta. Clara International Corporation chairman and managing director Nicandro Linao.

Other signatories to the contract are NLEX Corporation chief finance officer Ma. Theresa Wells and Sta. Clara International Corporation deputy managing director Fernando Delgado, with Transportation consultant Alberto Suansing as witness. (Betheena Unite, Manila Bulletin)

PHOTO:

The familiar Tipo tunnel at the Subic Freeport Expressway (SFEx) also known as the Subic-Tipo Expressway.

https://news.mb.com.ph/2019/05/21/p1-6-billion-deal-signed-for-expansion-of-subic-freeport-expressway/



0 comments: