Cavitex Infrastructure Corp. expects revenues to reach P3 billion in 2020, boosted by higher vehicle traffic volume at the Manila-Cavite Expressway.
“We’re going to hit our targets. We will be hitting a little over P2 billion revenues. We’re going to hit that, maybe P2.2 billion,” said Cavitex president and general manager Roberto Bontia, said.
“For next year, we’re targeting P3 billion,” he added.
Bontia attributed the increase in revenues this year and in 2020 to the higher vehicle volume traffic at Manila-Cavite Expressway and the start of operations of the Laguna segment of the Cavite-Laguna Expressway, as well as the C5 Link Expressway.
“Were also hoping to get our toll fee increase for 2011 and 2014,” said Bontia.
Cavitex in October 19 secured an approval from the Toll Regulatory Board to impose an additional toll of P1, P2, and P3 for vehicle class 1, 2, and 3, respectively for the 7-kilometer Cavitex Segment 1.
The TRB also approved the initial toll for the first 2.2 kilometers of the Segment 3A-1 portion of the C-5 Link Expressway, which forms part of the Cavitex Expressway.
MPCala Holdings Inc., a unit of Metro Pacific Tollways Corp., in November opened to the public the Laguna segment of the P35.4-billion Cavite Laguna Expressway.
The first segment starts at the Mamplasan Barrier and passes through Laguna Technopark Interchange, Laguna Boulevard Interchange all the way to Santa Rosa-Tagaytay Interchange.
The construction of the Cavite side is expected to be completed by 2022.
MPCALA tapped Leighton Holdings of Australia to build the Cavite side and local contractor DMCI Consunji Inc. to construct the Laguna segment.
The Cavite segment comprises 27 kilometers of the 45-kilometer Cavite-Laguna Expressway.
The Cavite segment starts from Kawit, Cavite and traverses the Imus Open Canal, Governor’s Drive, Dasmariñas, Aguinaldo Highway and Silang which will connect to the Laguna segment from Sta. Rosa exiting to Mamplasan toward South Luzon Expressway.