Speaking before President Marcos in Malacañang Palace on Wednesday, San Miguel Corp. chairman and CEO Ramon Ang said the P23-billion project will also improve road connectivity to the Ilocos Region, especially Laoag and Vigan, resulting in better economic prospects for Northern Luzon.
“Imagine cutting your travel time from Rosario to San Juan —the Surfing Capital of the North — from 1.5 hours to just 40 mins,” he said in his speech. “Imagine the improved connections between Laoag and Vigan, opening up a wealth of economic opportunities for the entire Ilocos Region. This is what the TPLEx Extension promises to deliver.”
The head of the Philippines’ largest conglomerate said the signing of the concession agreement for the TPLEx Extension at the presidential palace is a crucial project under the Marcos administration's Build Better More program.
The four-lane toll road will stretch from Rosario to San Juan, La Union, significantly enhancing infrastructure and promoting economic development.
The extension project will span 59.4 kilometers, increasing the total length of the TPLEx to 147.4 kilometers. It is expected to be competed in five years, although Mr. Marcos, in his speech, urged San Miguel to complete at least the first phase of project by 2028.
Ang thanked Mr. Marcos for his visionary leadership and to the Department of Public Works and Highways, led by Secretary Manuel Bonoan for their steadfast support.
This project will not only enhance travel efficiency but also drive innovation, create jobs, and contribute to the overall progress of the Philippines, Ang said, noting that it also builds upon the success of the existing TPLEx, which has already significantly improved travel between the Ilocos and Cordillera Regions, Central Luzon and Metro Manila.
Senior Reporter
