Concessio Canonical ID
PH11B0000021
Registry Preview
Overview
Total investment
US$1,860m
World Bank PPI, cumulative
Deep Scan
Investment ThesisLocked
Pasig River (Parex) Expressway is a Build-Operate-Transfer toll road concession in the Philippines — grantor DPWH / TRB (Toll Regulatory Board), operated by San Miguel Corporation (SMC).
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Public Registry Fields
General Information
Display format
PH-11-B-000002-1
Country
Philippines (PH)
Sector
Toll Road (11)
Family
Transport
Structure
BOT (B) · Build-Operate-Transfer
Grantor
DPWH / TRB (Toll Regulatory Board)
Operator
San Miguel Corporation (SMC)
Term start
—
Contract end
—
Financial close
2021 (World Bank PPI)
Total investment
US$1,860m
PPI structure
Build, operate, and transfer
Granting government
Federal (tier)
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Toll adjustment mechanism | ||||
| Concession fee / revenue share | ||||
| Termination compensation | ||||
| Change in law | ||||
| Handback provisions |
Locked rows show the standard Toll Road concession term set tracked by Concessio; extracted values render as they are verified against primary sources. Full clause text and citations are available in the app.
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Sector-Benchmarked
Operating KPIsLocked
| Metric | Latest | Period | Sector percentile | Coverage |
|---|---|---|---|---|
| Total investment | US$1,860m | cumulative | 95th |
World Bank PPI · public |
| Traffic (AADT) |
Percentile bars show this concession's position against Toll Road benchmark cohorts in the registry (largest cohort n=907). Interquartile band shaded. Locked rows show the standard KPI set for this asset class — series and percentile placement unlock in the app.
Counterparties
Parties & ContactsPartial
Grantor
DPWH / TRB (Toll Regulatory Board)
Grantor of record · Philippines
Operator / SPV
San Miguel Corporation (SMC)
Company No.
In the full profile
Sponsors / equity holders
Senior lenders
O&M contractor
Financial adviser
Legal adviser
Diligence Signals
Risk & CounterpartyLocked
Diligence signals
Grantor election exposure
May 2028
next election window · low sensitivity
Disputes & precedent
The full risk register covers counterparty credit, political cycle, regulatory determinations and dispute history for concessions in this class.
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Public Record
FAQs
Who is the grantor of this concession?
The grantor on file is DPWH / TRB (Toll Regulatory Board).
Who operates Pasig River (Parex) Expressway?
The operator on record is San Miguel Corporation (SMC).
Transparency
Data & Sources
How this entry is verified
Reconciled against the World Bank PPI Database. View ppi.worldbank.org →
How Concessio sources data
Records are extracted from primary public sources — regulatory filings, government disclosures and official registries — and cross-checked before entering the platform. Every published datum carries its source citation in the app.