Infrastructure
Tollways and Airports
Phase 1 of the P19 billion, 88.5 kilometer two-lane Tarlac-Pangasinan-La Union Expressway began April 2010 and will take two-and-a-half years to complete. As administrator of the toll project, SMC will provide management services, toll collection, traffic safety and security management, toll road maintenance and other related services.
In October 2010, SMC finalized a deal to acquire 51% interest in Universal LRT Corp. Ltd., the company in charge of developing the Metro Rail Transit Line 7 (MRT7), a planned 22-kilometer-long rail line, starting from San Jose del Monte in Bulacan and ending in North Avenue in Quezon City.
San Miguel also owns the Caticlan Airport concession-holder TransAire Development Holdings Corporation which is currently overseeing the modernization of the airport. Long-term expansion projects involve the construction of a bigger airport passenger terminal, extension of the existing runway from 950 meters to 2,100 meters, improvement of the road network and upgrading of airport facilities and air traffic control aids.
