The tollway unit of San Miguel Corp. implemented the second round of toll adjustments at the South Luzon Expressway, according to the Toll Regulatory Board (TRB).
SMC SLEX Inc. and Manila Toll Expressway Systems Inc. (MATES) notified the TRB that they started collecting the second tranche of toll hike on Aug. 19, 2024.
Motorists traveling from Alabang to Calamba will pay an additional P10 for Class 1, P20 for Class 2 and P30 for Class 3.
Those traveling from Calamba to Sto. Tomas, Batangas will pay an additional P2, P6, P8 for Class 1, Class 2 and Class 3, respectively.
The TRB earlier said the toll rate adjustment would be implemented in two tranches in 2023 and 2024 to protect the general welfare, curb inflationary situation and mitigate the impact of the toll hike.
The first tranche was implemented on Nov. 3, 2023.
SMC SLEX earlier posted a net income of P2.37 billion in the first half of 2024, up 18 percent from P2 billion in the same period last year.
The company’s toll revenue reached P3.96 billion, a 16-percent increase from P3.41 billion last year. The average transaction mode for the period was 94 percent for RFID and 6 percent for cash.
SLEX achieved an average daily traffic (ADT) of 357,548 in the first half, a 2-percent increase from 351,024 in 2023.
The toll operator’s operating expenses went down by 20 percent from P167.8 million to P134.9 million due to lower depreciation and amortization by P19.1 million, lower advertising by P16.3 million and lower repair and maintenance for transportation and office equipment by P6.3 million.
