President Ferdinand “Bongbong” Marcos Jr. urged that Tarlac-Pangasinan-La Union Expressway (TPLEX) Segment 1 be complete by 2028, during the presentation of the signed Concession Agreement (CA) for the extension project on Wednesday.
The project is just set to begin but PBBM already appealed with San Miguel Holdings Corp. (SMHC) to complete the extension segment 1 and other parts of TPLEX project by 2028.
The request was made after the signing of the Concession Agreement between Department of Public Works and Highways (DPWH) and SMHC.
The President pointed out the significance of public-private partnerships in helping the continued progress of the country.
"We are now witnessing another milestone that brings into fruition the Build Better More infrastructure program," the President said pertaining to the project.
“We also expect [it] to forge value-adding partnerships among agriculture, industry, and tourism enterprises in the area as it links vital regional corridors and hubs. This will, of course, generate a significant number of decent jobs and more opportunities for all,” he added.
The project aims to reduce the travel time between Rosario and San Juan in La Union from 90 minutes to 40 minutes.
