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Skyway 3 gets approved provisional toll rates

Republika

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.

Photo: sunstar.com.ph


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