Contract secured for Cavite-Batangas Expressway (CBEX) project in Philippines

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San Miguel Corp. has secured the concession to put up the PHP27 billion (US$491 million) Cavite-Batangas Expressway (CBEX) through an agreement with the Cavite government in the Philippines.

CBEX will stretch for at least 27 km passing through Silang, Amadeo, Tagaytay, Indang, Mendez and Alfonso in Cavite and Nasugbu in Batangas. Moreover the proposed alignment of CBEX overlaps with the Cavite-Tagaytay-Batangas Expressway (CTBEX).

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