Toll rate hike awaits motorists using R-1 segment of Cavitex
Motorists plying the R-1 expressway of Cavitex or the Manila-Cavite Toll Expressway Project (MCTEP) phase 1 will soon pay P1 to P3 additional toll fees, proceeds from which will be used for further enhancements.
The Toll Regulatory Board (TRB) has approved the add-on toll rates for phase 1 of the R-1 Enhancement Project on Segment 1 (R-1 Expressway) of the MCTEP. The increase will take effect as soon as TRB issues a notice.
This is according to a disclosure to the Philippine Stock Exchange filed by Metro Pacific Investments Corp. (MPIC), the infrastructure conglomerate that operates the toll road.
Based on the approved matrix, Class 1 vehicles or ordinary cars traversing the expressway from Seaside to Zapote will pay an additional P1. Class 2 vehicles, referring to buses and small commercial trucks, will pay an additional P2. Class 3 vehicles or large trucks and trailers will pay an additional P3.
Cavitex Infrastructure Corp. and state-owned Philippine Reclamation Authority (PRA), venture partners in MCTEP, separately filed petitions for toll rate adjustments in October 2018.
MPIC, the parent firm of Cavitex, said these add-on toll rates were intended to cover the enhancement of the R-1 Expressway. The plan includes widening the road by adding a lane on both directions.
Article continues after this advertisement“This enhancement will address the motorists’ demands and resolve the congestion problem along this portion of the MCTEP,” MPIC said in its disclosure.