TWO of the country’s largest conglomerates, Ayala Corp. and SM Investments Corp. (SMIC), have submitted a joint unsolicited proposal to the government to build an 8.6-kilometer elevated tollway that would link Sta. Mesa to the SM Mall of Asia (MOA) Complex in Pasay City at a cost of P25 billion.
Ayala and SMIC announced on Friday that they submitted an unsolicited proposal to the Department of Public Works and Highways (DPWH) to design, finance, construct, operate, and maintain the C3 Elevated Expressway (C3EX) for 35 years.
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