Cavitex Infrastructure Corp. (CIC) said Friday it will implement a 30-day toll holiday on the Manila-Cavite Expressway (Cavitex) starting July 1, 2024.
“We will fully implement a 30-day toll holiday in all exits of the Cavite Expressway for all vehicle classes, supporting the decision of the Toll Regulatory Board (TRB). This will help our motorists with the rising cost of fuel and inflation,” CIC president and general manager Raul Ignacio said.
The tollway segments which will enjoy toll-free journeys for all vehicle classes are expressway exits in Kawit, Paranaque, C5 Link segment Merville and Taguig exits and the newly-inaugurated Segment 2 (Sucat Interchange).
President Ferdinand Marcos Jr. earlier announced the granting of a toll holiday for all expressway segments under the stewardship and management of the Cavitex joint venture firm in a speech at the recent inauguration of the CAVITEX C5 Link Segment 2.
“We welcome TRB’s policy and operational decision guided by the general directive of the President – which was arrived at after considering all the implementation details and systems preparation that must be in place,” Ignacio said.
“We commend TRB for the due deliberation that had taken place as part of our regulator’s decision-making process,” he said.
TRB was earlier criticized by some quarters for a few days’ delay in issuing the directive for a toll holiday.
“There is no place for hasty decision making and action-taking for major policies and moves like this,” Ignacio said.
CIC is the private developer, builder and financier of Cavitex, in partnership with the Philippine Reclamation Authority (PRA) under a public private partnership (PPP) agreement.