Batangas gov’t, SMC sign joint venture agreement for P44-B Nasugbu-Bauan Expressway project

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The provincial government of Batangas has granted San Miguel Corporation (SMC) a 35-year concession to design, build, operate, and maintain a four-lane, 61-kilometer toll road that would hopefully spur economic growth. ManilaBulletin

The SMC is undertaking the P44.77-billion Nasugbu-Bauan Expressway project that will provide a faster connection between the eastern and western portions of Batangas province.

“Higit sa lahat, mas marami itong maibibigay na tulong at serbisyo sa ating mga mamamayan. Tunay pong partner in development ang San Miguel hindi lamang po sa Batangas, kundi sa buong Pilipinas ,” added Mandanas. The SMC top honcho said his company has committed to deliver 70 percent of the project’s profits to the local government once it is operational, to be used to provide vital services for Batangas residents.

Once completed, it will make Nasugbu, Balayan, Lemery, Bauan, the City of Calaca, and other municipalities, more accessible.

 

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