Lapu-Lapu Expressway Corporation is a special purpose company registered with the Philippine Securities and Exchange Commission (SEC) in 2021 by Premium Megastructures, Inc. (PMI), Ulticon Builders, Inc. (UBI), and MTD Philippines Inc. (MTD).
It was organized for the purpose of implementing the Lapu-Lapu Expressway (LLEX) Project, which was awarded by the City of Lapu-Lapu to the consortium of PMI, UBI, and MTD, which proposed to design, construct, finance, operate, and maintain this crucial P 24.8-Billion infrastructure public-private partnership project by way of a joint venture with the City.