After opening the P70-billion Skyway 3 that connected the north and south of Metro Manila, San Miguel Corp. (SMC) said it is not done yet as its President Ramon S. Ang bared the next undertaking of the Asian conglomerate which is to finance, construct, operate and maintain the P95.4 billion Pasig River Expressway (Parex) project.
The project will be undertaken through a Build-Operate and Transfer contract that calls for the building of a 19.4-kilometer, six-lane elevated expressway along the banks of the Pasig River that will complete the North-Soceth, East-West link connecting the R-10 in Manila, EDSA and C5.
At the same time, the Parex project will decongest Rizal, Cainta, and Marikina, and provide an alternative access to the business districts of Makati, Ortigas and the Bonifacio Global Center.
“By providing seamless access between north and south, we unlock the true potential of our provinces,” Ang said.
Skyway and Parex are road projects to complement the P735-billion New Manila International Airport which is touted as the single largest investment ever in the Philippines.
The road networks will converge into the direction of the alternative international gateway.
“This is a game-changer for our economy, especially now that we are still dealing with the pandemic,” Ang noted.
Elevated 6-lane road
Parex is a 19.4-kilometer, six-lane elevated expressway along the banks of the Pasig River that will complete the north-south, east-west link, connecting R-10 in Manila, Edsa, and C5 and decongesting Rizal, Cainta, and Marikina.
The project can be completed by 2023, according to the SMC president.
The PAREX will provide faster, alternative access to the business districts Makati, Ortigas and BGC.
The project offers a “solution within a solution” in decongesting Metro Manila’s congested roads with minimal disruption on existing cities and roads, at the same time, cleaning up the entire length of the Pasig River and alleviating the flood problems of the metropolis.
President Rodrigo Roa Duterte together with Ang led the ceremony last Wednesday to open all seven lanes of Skyway 3, which seamlessly connects the South Luzon Expressway and North Luzon Expressway, via 18 kilometers of elevated toll road, the longest in the country. It is also expected to significantly decongest EDSA and other major Metro Manila roads.