Toll fees hike approved

  • Page Views 730
  • Expect higher toll fees soon in North Luzon expressway (NLEx) and Manila-Cavite expressway (Cavitex).

    Arthur Tugade, secretary of the Department of Transportation, said the agency and the operator of the tollways, Metro Pacific Tollways Corp. (MPTC), have agreed to settle the long overdue toll adjustments on a staggered basis.

    Tugade said the adjustments should be in gradual phase to cushion the impact on motorists.

    MPTC filed an arbitration case in Singapore in 2016 due to the delay in the approval of the toll adjustment.

    Total claims have reached over P8 billion from over P6 billion two years ago.

    The toll fee adjustment due Cavitex was supposed to have taken effect January 2013 and for NLEx, January 2015.

    Rodrigo Franco, MPTC president, said the company will terminate the arbitration case in Singapore.

    “We’ve also supported the position of the government that we find a mutual acceptable way of settling the issue,” Franco said.

    Franco hinted the possibility the adjustment to take effect starting this year.

    “We are waiting for TRB (Toll Regulatory Board) action on the petitions. We don’t know yet how much of the increase will be allowed to be implemented this year. We should hear from the TRB soon,” Franco said

    By: Myla Iglesias, Malaya

    Share

    New Posts Recently publish post More

    • 22 March 2019
      2 days ago No comment

      Angel still queen as ‘General’s Daughter’ of primetime; As ‘Kadenang Ginto’ smashes own record thrice in one week

      “The General’s Daughter” remained the far-and-away No. 1 program in its time slot despite a new rival, cementing the status of lead star Angel Locsin as the current queen of primetime. The Dreamscape production scored a nationwide rating of 34% on March 18. That’s more than double the viewership ...

    • 22 March 2019
      2 days ago No comment

      Greta (PG)

      Ordeal! Loss of a parent can hit children hard. A young woman coming to terms with the loss of her mom gets quite the awakening In Greta. Smart studios typically release horror films or suspense laden thrillers towards the fall. In a brilliant bit of counter programming Universal Studios ...

    • 22 March 2019
      2 days ago No comment

      Budget 2019: Investing in the Middle Class to Grow Canada’s Economy

      Kagawaran ng Pananalapi ng Canada Noong 2015, ang mga masisipag na Canadians ay nagpatunay na pag gusto nating lumakas ang ekonomiya, ang unang dapat gawin ay palakasin natin ang middle class. Ang mga kababayan natin ay pinili ang gobyerno na ito upang bigyang-puhunan ang mga middle class at sa ...

    • 22 March 2019
      2 days ago No comment

      FOX makes first Filipino film

      FOX Networks Group (FNG) Philippines produces its very first film, the horror-thriller Maledicto, which rolls into cinemas nationwide on May 1 Philippines — FOX, home to hit series and Hollywood movies, makes its first foray into the Filipino movie-making industry. FOX Networks Group (FNG) Philippines produces its very first ...

    • 22 March 2019
      2 days ago No comment

      Movie Review: ‘One Great Love’

      It is more than possible to realize that the love of your life has been there all along. Perhaps the one you have been looking for to complete you has been around for so long and much closer to you than you had thought. “One Great Love” from Regal ...

    %d bloggers like this: