NLEX Corp. inks P1.6-B deal for SFEX expansion » Manila Bulletin Business

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NLEX Corp. inks P1.6-B deal for SFEX expansion

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By Emmie V. Abadilla

The NLEX Corporation and Sta. Clara International Corporation recently signed the agreement for the P1.6-billion Subic Freeport Expressway (SFEX) Capacity Expansion to build new expressway lanes, bridges and a tunnel.

 

Specifically, the project covers the construction of two additional expressway lanes, two new bridges at Jadjad and Argonaut plus the tunnel.

It will accommodate the growing number of vehicles going in and out of the Subic Bay Freeport.

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

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.

In addition, 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.

Leading the contract signing are NLEX Corporation president and general manager J. Luigi L. Bautista, NLEX Corporation chief operating officer Raul L. Ignacio and Sta. Clara International Corporation chairman and managing director Nicandro G. Linao .

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

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