Starting July, the Cavite-Laguna Expressway (CAVITEX) will be "toll-free" for all motorists.
This, after President Ferdinand "Bongbong" Marcos, Jr. granted a toll holiday for all expressway segments under the stewardship and management of the Cavitex joint venture firm, in his speech at the recent inauguration of the CAVITEX C5 Link Segment 2.
"We will fully implement a 30-day toll holiday in all exits of the Cavite Expressway (CAVITEX) 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," Raul Ignacio, president and general manager of the Cavite Infrastructure Corporation (CIC), said in a statement.
The toll holiday covers all CAVITEX exits in Kawit, Paranaque, C5 Link segment Merville and Taguig exits, and newly inaugurated Segment 2 (Sucat Interchange).
Transport industry sources say this suspension of toll collections covering all the exits will result in foregone toll revenues amounting to hundreds of millions of pesos.
Transport experts said that, as industry logic dictates, expressway firms need toll receipts to pay lenders, recoup huge investments, assure road safety at all times, and pay operational and administrative personnel.
“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 pointed out.
"We support the President’s decision and that of the TRB, so our motorists can enjoy the seamless expressway journeys brought about by modern tollway structures and systems," he added.
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.
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