Toll rates going up?
MANILA, Philippines - The Toll Regulatory Board (TRB) is set to start conducting hearings on the rate hike petitions of 3 major expressways in Luzon.
“We have sufficiently covered the technical aspect of the petitions and we might proceed to the hearing process very soon,” TRB executive director Manuel Imperial said in an interview.
The following are the rate adjustments sought:
- SCTEx or Subic-Clark Tarlac Expressway
Bases Conversion and Development Authority (BCDA), which operates SCTEx, sought for a 19% toll hike. If approved, drivers of Class 1 vehicles will be charged P289 from the current P243; Class 2, from P543 to P648; and Class 3, P815 to P972.
- STAR or Southern Tagalog Arterial Road
STAR Infrastructure Development Corp.(SIDC), which operates STAR, asked to hike toll rates from P67 to P72 for Class 1 vehicles; from P134 to P144 for Class 2 vehicles; and from P200 to P217 for class 3 vehicles.
- Cavite Expressway
Toll road operator Cavite Infrastructure Corp. (CIC) asked for the following adjustments: P29 from the existing P24 charged to Class 1 vehicles, P58 from 48, Class 2; and P86 from P72 for Class 3 vehicles.
Effective January 2012?
Imperial added that the hearings were supposed to have been held in November and December 2011. If approved, the toll adjustments should have taken effect in early 2012.
“These adjustments were due since January this year. But we have to follow certain procedures and these procedures take time,” said the TRB official.
If and when their petitions are approved, the three toll operators may ask the board to apply the adjustments retroactively, or beginning January 1, 2012.
“They may ask for a retroactive adjustment but they have to be granted with that authority to impose higher toll first,” said the official.
The toll for Skyway is slated for an adjustment next year. “The toll operators may file for an adjustment in a period of every year or every two years,” said Imperial.
These infrastructure projects are capital intensive businesses and investors have guaranteed profit margins. However, petitions to hike rates when profits go below the guaranteed margins have to pass TRB, which conduct the hearings. - Rappler.com
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