NewsProject Show Case

Philippines NEDA Approves Tender for 59.4km TPLEX Expressway Extension

TPLEX Expressway Extension

The National Economic and Development Authority (NEDA) has given the green light to the 59.4km extension project for the Tarlac-Pangasinan-La Union Expressway (TPLEX).

The new Tarlac-Pangasinan La Union Expressway (TPLEx) extension will operate from Rosario town to San Juan, a critical tourist destination, upping its total length to 148.61km.

As reported, the new link will deliver a faster connection for Rosario and San Juan municipalities, feature two lanes in either direction and cost an envisioned US$420.15 million, taking five years to complete.

The Department of Finance (DOF) has funded the four-lane expressway project, which will be implemented via a public-private partnership (PPP) under the Department of Public Works and Highways (DPWH).

In a recent briefing, Arsenio Balisacan, NEDA director general, stated: “The NEDA Board has approved the Tarlac-Pangasinan-La Union Expressway or TPLEX Extension Project.”

He added: “In accordance with the Investment Coordination Committee guidelines, this is the fastest unsolicited proposal approval, from its submission on March 17, 2023, to the approval today, June 2, 2023.”

What is your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News