The Toll Regulatory Board (TRB), composed of the Department of Transportation, Department of Public Works and Highways, Department of Finance, the National Economic and Development Authority and a private sector representative, has approved provisional toll fees for Skyway Stage 3.
The San Miguel Corporation-owned project spans 18 kilometers from Buendia to the North Luzon Expressway (NLEX).
The proposed toll rates for Skyway 3 are as follows: Buendia to Sta. Mesa (CLASS 1) P105, (CLASS 2) P210, (CLASS 3) P315; Sta. Mesa to Ramon Magsaysay (CLASS 1) P30, (CLASS 2) P60, (CLASS 3) P90; Ramon Magsaysay to NLEX Balintawak (CLASS 1) P129, (CLASS 2) P258, (CLASS 3) P387; Buendia to NLEX Balintawak – end to end (CLASS 1) P264, (CLASS 2) P528, (CLASS 3)P792.
TRB spokesperson Julius Corpus said that SMC will not be collecting these fees right away. The board will issue a resolution, ask the corporation to publish the rates once a week for three consecutive weeks and post a surety bond.
SMC president Ramon Ang said that Skyway 3 had been accumulating losses due to the postponement of toll fee collection since its official opening in January.
He added that it would also rake in a markedly lower revenue of P4 billion per year—at a cost of P10 billion per year to operate—under the provisional rates, which are lower than the rates the corporation had requested initially.