Metro Pacific Tollways Corp. expects revenues to reach P11.5 billion this year on higher vehicle traffic at North Luzon Expressway, Subic Clark Tarlac Expressway and Cavite Expressway.
MPTC president and chief executive Rodrigo Franco said the company was looking at P10 billion in revenues from Manila North Tollways Corp. and about P1.5 billion from Cavitex Holdings Inc.
MNTC’s revenue last year amounted to P8.1 billion, while Cavitex had P1.2 billion.
Franco attributed the increase revenues to the higher vehicle traffic at NLEx, SCTEx and Cavitex.
MNTC and Cavitex earlier filed compensation claims through an arbitration tribunal for the overdue tariff increase of 15 percent for NLEx and 25 percent for Cavitex.
The operator of NLEx was seeking a P3-billion compensation as of end-2015 for the alleged inaction of the Toll Regulatory Board on lawful toll adjustments due since Jan. 1, 2013.
Toll at NLEx from Mindanao Avenue to Sta. Ines currently amounts to P218 for Class 1 vehicles (cars, jeepneys, pickup trucks and vans), P544 for Class 2 vehicles (two-axle trucks, buses and vans) and P652 for Class 3 vehicles (trucks and trailers with three or more axles).
Cavitex, meanwhile, was claiming P800 million.
The two companies said the periodic toll rate adjustment was a contractual right the toll operators were entitled to under the toll operation agreement.
MPTC earlier said it was looking at tollways in Malaysia and Indonesia with potential for expansion.
The company currently has a 29.45-percent stake in Don Muang Tollway Public Company Ltd., a major toll road operator in Bangkok, Thailand.
The concession for DMT to operate the 21.9-kilometer six-lane elevated toll road from central Bangkok to Don Muang International Airport and further to the National Monument, north of Bangkok in Thailand, runs until 2034 .
MPIC through Metro Pacific Tollways Corp. owns a 44.9-percent interest in CII Bridges and Roads, which has various road and bridge projects in and around Ho Chi Minh City.
Its current portfolio includes 68.1 kilometers of roads used by 47,000 vehicles per day and roads under pre- or on-going construction covering a total of 53 kilometers.
