Cavitex Infrastructure Corp. said Monday it secured the approval of the Toll Regulatory Board to increase the toll for the enhanced Manila-Cavite Toll Expressway Project and C-5 Link Expressway.
The Toll Regulatory Board 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 MCTEP.
The initial toll will be collected upon the issuance of the TRB of a notice.
CIC and Philippine Reclamation Authority, the joint venture partners in MCTEP, filed a joint petition for the initial toll at C-5 Link Expressway and Segment 3A-1 on July 4, 2019.
Under the approval, motorists traversing Segment 3A-1 will pay the following amounts based on the new toll matrix: Class 1 vehicles (ordinary cars), P22; Class 2 vehicles (buses and small commercial trucks), P44; and Class 3 vehicles (large trucks/trailers), P66.
The approval granted by the TRB is valid initially for six months from the date of the start of actual collection.