Deal on P1.6-B SFEx expansion signedBy EIREENE JAIREE GOMEZhome/Business/Corporate News/Deal on P1.6-B SFEx expansion signedTHE Northern Luzon Expressway (NLEx) Corp. said on Monday it had signed an agreement with Sta. Clara International Corp. to expand the Subic Freeport Expressway (SFEx). In a statement, NLEx Corp. said the deal for the P1.6-billion project — signed by NLEx Corp. President and General Manager Luigi Bautista and Chief Operating Officer Raul Ignacio, and Sta. Expressway-standard LED lights will also be installed to keep the Subic expressway safe and convenient for motorists, particularly those driving at night. For 2019, NLEx Corp. is looking to generate P16 billion in revenues after posting P12 billion last year.

Source: Manila Times May 20, 2019 16:07 UTC