MANILA – President Ferdinand R. Marcos Jr. on Thursday announced a 30-day suspension of toll fee collection for vehicles passing through the Manila-Cavite Expressway (Cavitex).
In a statement posted on social media, Marcos said the Toll Regulatory Board (TRB) has approved the recommendation of the Philippine Reclamation Authority (PRA), the operator of Cavitex, for the month-long toll holiday in the expressway from July 1 to July 30.
The TRB is the governing body overseeing tollways nationwide.
“Nagpapasalamat tayo sa TRB sa kanilang agarang aksyon sa rekomendasyon na ito ng PRA (We thank the TRB for their prompt action on this recommendation of the PRA),” Marcos said.
“Nagpapasalamat din tayo sa MVP Group sa pagsuporta sa panukalang ito (We also thank the MVP Group for supporting this proposal),” he added.
Cavitex Infrastructure Corp. (CIC), which maintains the expressway, is a unit of the Manny Pangilinan-led Metro Pacific Investments Corp.
During the inauguration of new Cavitex segments last week, the President said the toll holiday will help motorists mitigate the impact of rising fuel costs.
The 1.9-kilometer expressway connects Cavitex Radial Road 1 from the Parañaque Toll Plaza to the Sucat Interchange and is expected to benefit around 23,000 vehicles a day.