Conglomerate San Miguel Corporation had yet to officially terminate its contract with the government to build the P95-billion Pasig River Expressway , according to the Toll Regulatory Board .“Technically, it is still on the table because they have not given the confirmation that they are terminating the contract or the project,” TRB Executive Director Alvin Carullo told reporters in a chance interview.
He said that the PAREX, before Ang’s March announcement, was “already in the final engineering design stage.”But because of “the recent developments,” the TRB “deferred the deadline of submission of FED for six months.”“They have until six months from March. If the TRB receives the official communications, then we will give the proper report to the Board and to the media,” Carullo said.
Pasig River Expressway San Miguel Corporation Toll Regulatory Board
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