How much did the Subic–Clark–Tarlac Expressway in the Philippines cost to build?
The Subic–Clark–Tarlac Expressway (SCTEX) is a 93.77 km four-lane tollway in Luzon, Philippines, built by the Bases Conversion and Development Authority (BCDA) with a Japan Bank for International Cooperation loan of JPY 41.93 billion, begun in 2005 and opened in stages from 28 April 2008. GMA News reported in 2010 that it cost PHP 27 billion, mostly (about 85%) financed by the JBIC loan; Wikipedia breaks the cost into PHP 25.737 billion of direct costs, PHP 7.146 billion of indirect costs (land, consulting, taxes) and PHP 2.074 billion of financing costs, which add up to about PHP 34.96 billion; Philstar called it a PHP 21 billion project in 2007.
Reported project cost
PHP 27 billion
Approximately $598.54 million
Cost basis: 2010
Cost evidence
Basis of the published figure
Project metrics
Key dimensions
- Total lengthphilstar.com
- 93.77 km
Project record