The provincial government of Cavite awarded a 35-year tollway concession to San Miguel Holdings Inc. for the construction and operations of the P27-billion Cavite-Batangas Expressway project.
The Cavite LGU signed on Feb. 27 this year the joint venture agreement and tollway concession for the implementation of the CBEX project with joint venture partner San Miguel.
It involves the construction, financing, operation and maintenance of a 27.06-kilometer toll road traversing the municipalities of Silang, Amadeo, Tagaytay City, lndang, Mendez and Alfonso in Cavite and Nasugbu, Batangas.
The estimated cost of the project including financing is P27.01 billion, which will be implemented at no cost to the provincial government of Cavite for a concession period of 35 years.
The project aims to improve connectivity between the National Capital Region and Cavite, Laguna, Batangas, Rizal and Quezon and enhance the mobility of people and goods in the area. It will also help mitigate road congestion in CALABARZON.
Cavite, through its public-private partnership selection committee, earlier said it did not receive a competitive proposal from other parties to challenge San Miguel’s offer.
The provincial government launched the competitive selection process for the CBEX project in November 2022 to seek comparative proposals for the selection of the joint venture partner to develop the project.
Metro Pacific Tollway’s Corp. in 2018 proposed to the Department of Public Works and Highways a similar project that would also connect Cavite and Batangas through Tagaytay City.
The DPWH then granted the original proponent status to MPTC for CTBEX—a 50.4-kilometer toll road that will connect Cavite and Batangas, with a spur road to Tagaytay City and ultimately terminating in Nasugbu and another spur road to Tuy, Batangas.
MPTC confirmed that the P22.4-billion Cavite-Tagaytay-Batangas Expressway Project would overlap some portions of SMC’s Cavite-Batangas Expressway project.
CTBEX is expected to decongest about 23,000 vehicles daily from the nearby thoroughfares. Cavite and Batangas are rapidly-growing provinces that host major industrial parks, commercial districts and residential projects.
CTBEX will start at Silang East Interchange of the Cavite-Laguna Expressway. The alignment will traverse the towns of Silang, Amadeo, Mendez, Alfonso and Tagaytay in Cavite and Nasugbu in Batangas.
