CONGLOMERATE San Miguel Corp. (SMC) should submit additional requirements for its unsolicited proposal to extend the Tarlac-Pangasinan-La Union Expressway (TPLEx) further, a Cabinet official said.
“They have to submit additional requirements. Part of the requirement for unsolicited proposals is the feasibility study, but we also need the economic case and source of funding,” Public Works Secretary Mark A. Villar said in a chance interview.
A document from the web site of the Department of Public Works and Highways showed that San Miguel submitted a P23.95-billion proposal for a three-segment extension of TPLEx all the way to San Juan, La Union.
The project involves a 59.4-kilometer (km) four-lane toll road, which will start from the last exit of the TPLEx in Rosario, La Union, and will terminate at San Juan, La Union. It is divided into the following segments: Rosario-Tubao (18 km), Tubao-Naguilian (23 km) and Naguilian-San Juan (18.4 km).
The proposal was submitted on February 14 this year.
“They are finalizing the final phase until Rosario, so there’s no rush for the next portion,” Villar said.
San Miguel is the concessionaire for the TPLEx.