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Pasig River (Parex) Expressway

Sector: Mass Transit • Location: Philippines

Source: World Bank Group

Project
Active

The project entails the development of the 19.6 km, 6-lane Parex expressway in the Philippines. Sponsor of the project is San Miguel Corporation. The total investment stands at $ 1860 million. Parex will connect R-10 in Manila, Edsa and Circumferential Road 5 (C5), aiming to decongest Rizal, Cainta and Marikina. The expressway will also provide alternative access to the business districts of Makat

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The project “Pasig River (Parex) Expressway” is an infrastructure initiative in the Mass Transit sector, located in Philippines. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the development of the 19.6 km, 6-lane Parex expressway in the Philippines. Sponsor of the project is San Miguel Corporation. The total investment stands at $ 1860 million. Parex will connect R-10 in Manila, Edsa and Circumferential Road 5 (C5), aiming to decongest Rizal, Cainta and Marikina. The expressway will also provide alternative access to the business districts of Makati, Ortigas and Bonifacio Global Center. It is the country's first fully private-funded sustainable infrastructure. Debt information has not been disclosed. The deal closed on Sept 21st, 2021.

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