5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

San Miguel may start PAREX project next year or once it gets ECC, says regulator

by
June 23, 2024
in Stock
0
San Miguel may start PAREX project next year or once it gets ECC, says regulator
SAN MIGUEL CORPORATION

SAN Miguel Corp. is likely to start the construction of its P95-billion Pasig River Expressway (PAREX) project next year or once the company gets an environmental compliance certificate (ECC), according to the Toll Regulatory Board (TRB).

“San Miguel wrote that they would comply with the requirements vis a vis environmental clearance certificate,” TRB Executive Director Alvin A. Carullo told reporters last week. “As of now, they are not abandoning the project. It is now a live project.”

San Miguel is finalizing the final engineering drawings of the project that are expected to be completed by October, Mr. Carullo said, adding that the company must first submit the final detailed engineering plan for PAREX.

The TRB said San Miguel must also redesign the project to ensure heritage structures are not affected, Mr. Carullo said.

“When the Office of the President approved the project there were some conditions,” he said. “For example, the original design will pass through Malacañang, but there are restrictions, so they have to redesign the main alignment.”

San Miguel has yet to submit its target construction date because it is still trying to secure all permits.

But Mr. Carullo said it is possible for the project to start construction next year as long as the company secures the environmental permit.

“It is possible,” he said. “The main problem now is the ECC. Once they secure the ECC and other permits, they will seek the notice to proceed from TRB.”

The project is expected to provide an alternative and faster link to Metro Manila’s largest business districts such as the Makati Business District, Ortigas Center, and Bonifacio Global City.

In March, San Miguel said it would abandon the 19.37-kilometer, six-lane, all-elevated expressway that traverses Pasig River amid public opposition given its impact on the environment.

However, two months after the announcement, the company said it was not abandoning the project and was trying to address concerns for PAREX to move forward. — Ashley Erika O. Jose

Previous Post

Watsons goes green

Next Post

Democracy is difficult and costly

Next Post
Democracy is difficult and costly

Democracy is difficult and costly

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Heatwaves take toll on UK economy as small businesses feel the burn

    Heatwaves take toll on UK economy as small businesses feel the burn

    July 14, 2025
    We are heading for significant tax rises, warns OBR, as UK debt outlook darkens

    We are heading for significant tax rises, warns OBR, as UK debt outlook darkens

    July 14, 2025
    Philippines seeks P11.1 million from China over Thitu Island coral damage

    Philippines seeks P11.1 million from China over Thitu Island coral damage

    July 14, 2025
    Senator files resolution seeking Senate probe of spiraling food prices

    Senator files resolution seeking Senate probe of spiraling food prices

    July 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.