Building a Better World

SMC Tollways Corporation (“SMC Tollways”) was incorporated on June 7, 2013 as a holding company of San Miguel Corporation for its tollways, and related businesses.

In 2013, the Company acquired a total of 87.84% interest in SMC Skyway Corporation (“SMC SKYWAY”) from Atlantic Aurum Investments B.V. (“AAIBV”) and Terramino Holdings, Inc. (“THI”), for a total consideration of ₱20,722.6 million.

In 2016, the Company acquired 100% interest in Stage 3 Connector Tollway Holdings Corporation (“S3HC”) from AAIBV. S3HC is the parent company of SMC Skyway Stage 3 Corporation (“MMSS3”).

In 2020, the Company acquired a total of 53.37% interest in Toll Road Operation & Maintenance Venture Corporation (“TROMV”) from Padma Investment Pte. Ltd. The acquisition resulted to an indirect ownership of 57.88% interest in Skyway O&M Corporation (“SOMCO”).

SMC Skyway Corporation (“SMC SKYWAY”)

SMC SKYWAY was incorporated on November 27, 1995 as a joint venture between P.T. Citra Lamtoro Gung Persada (“Citra”) and the Philippine National Construction Corporation (“PNCC”) with the primary and exclusive responsibility and privilege of financing, designing, and constructing, under a build-transfer-operate (BTO) scheme, the South Metro Manila Skyway (“Skyway Project”) and Metro Manila Tollways.

SMC SKYWAY entered into a BTO scheme with the Government under which SMC SKYWAY was to construct an elevated expressway from Alabang, Muntinlupa City to Buendia, Makati City and to rehabilitate the at-grade from Magallanes, Makati City to Alabang, Muntinlupa City. Stages 1 and 2 of the Skyway Project, which have been in operation since December 1998 and December 2010, respectively, are now being operated and managed by SOMCO. SMC SKYWAY holds 40% of the outstanding capital stock of SOMCO.

SMC Skyway Stage 3 Corporation (“MMSS3”)

MMSS3 was incorporated on November 16, 2012 with the primary purpose to finance, design and construct, under a BTO scheme with the Philippine government, the Skyway Stage 3 project. Subsequently, the STOA covering the Skyway Stage 3 project was signed on July 8, 2013, among TRB, PNCC, and MMSS3.

Skyway Stage 3 is a 17.93-km elevated roadway from Buendia, Makati City to Balintawak, Quezon City. Skyway Stage 3 is a priority infrastructure project of the government meant to decongest major thoroughfares within Metro Manila and stimulate the growth of trade and industry in Southern, Central, and Northern Luzon. The project covers a concession period of 30 years from the issuance of the Toll Operation Certificate. This was opened partially to the public last December 29, 2020, free of toll, and was formally inaugurated and opened to motorists, still free of toll, on January 14, 2021. The Toll Operations Permit was issued on July 1, 2021, and MMSS3 started collecting toll fees on July 12, 2021.

Stage 3 Connector Tollways Holdings Corporation (“S3HC”)

S3HC was incorporated on February 28, 2014, as a holding company for logistics, tollways, infrastructure and similar businesses.

It is a wholly owned subsidiary of SMC Tollways. Prior to March 15, 2016, S3HC’s parent company is AAIBV, a holding company incorporated and domiciled in the Netherlands.

Toll Road Operation and Maintenance Venture Corporation (“TROMV”) 

TROMV was incorporated on October 25, 2007, primarily to engage in toll road operation and maintenance activity in the Philippines.

It is 46.63%-owned by San Miguel Holdings Corp. doing business under the name and style of SMC Infrastructure or SMHC (“SMHC”) and 53.37%-owned by SMC Tollways, both domestic corporations.

Skyway O&M Corporation (“SOMCO”) 

SOMCO was incorporated on December 13, 2007, primarily to maintain and operate toll roads and toll facilities, as well as any and all such extensions, linkages or stretches as may be authorized by the Toll Regulatory Board (“TRB”) or other appropriate government agency. TROMV and SMC SKYWAY have 42.61% and 40% equity interest, respectively, in SOMCO.