NLEX Corp. is expanding the Subic Freeport Expressway (SFEx) to accommodate more vehicles going to and from the Subic Bay Freeport Zone.
In a statement Monday, the toll road subsidiary of Metro Pacific Tollways Corp. (MPTC) said it signed a P1.6-billion deal with Sta. Clara International Corp. for the SFEx Capacity Expansion Project.
“The project — which involves the construction of two additional expressway lanes, two new bridges at Jadjad and Argonaut, and a tunnel — aims to better accommodate the growing number of vehicles going in and out of the Subic Bay Freeport,” NLEX said.
The company will install LED lights along the SFEx to ensure the safety of motorists, particularly those driving at night.
“The SFEx Capacity Expansion is seen to improve traffic in the area and promote road safety as the new lanes will segregate northbound and southbound motorists along separate carriageways,” NLEX said.
The SFEx expansion is also seen to complement the efforts of the Subic Bay Metropolitan Authority (SBMA) to improve its airport and seaport, widen roads, and build the SBMA Corporate Center.
MPTC is the tollways unit of Metro Pacific Investments Corp., one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls.
