“We are carefully evaluating and wil weigh the needs and concerns of these opposing
views, the conglomerate’s chief information officer, Ferdinand Constantino said in a statement to the Philippine Stock Exchange.
“To reiterate, the PAREX project is currently on hold, not officially canceled,” he said. “San Miguel is committed to a balanced approach that aligns with community needs, and future decisions will be made in cooperation with the government and public approval.”
The conglomerate said it is actively addressing environmental concerns and complying with requirements set by the Toll Regulatory Board (TRB).
“Despite some opposition, there is significant support from residents in Rizal and eastern Metro Manila who see the project's potential benefits in improved transportation and economic opportunities,” Constantino explained.
San Miguel has until October to submit final engineering drawings certified by an independent consultant. Construction is anticipated to begin in 2025, pending approval.
The firm pointed out that its CEO Ramon Ang did not state that the company is dropping the project.
“Rather, he mentioned that it has not been pursued due to opposition from some groups,” the firm said. “San Miguel values public sentiment and has consistently emphasized that if the majority believes the project is not beneficial, it will not proceed,”
Despite some environmental concerns and opposition, the San Miguel chief emphasized that the project aims to improve transportation and boost economic opportunities in these regions.
The PAREX project, a proposed 19.37-kilometer elevated tollway, will traverse the Pasig River from Radial Road 10 in Manila to Circumferential Road 6. The project is designed to include a bus rapid transit system, bicycle lanes, and pedestrian walkways, ensuring a multi-modal transportation solution.
