Money
Published March 16, 2021 3:23pm
Updated March 16, 2021 7:09pm
By TED CORDERO, GMA News
San Miguel Corp. (SMC) on Tuesday claimed that the Toll Regulatory Board’s (TRB) inaction on its long-delayed request to start collecting fees for motorists’ use of the Skyway Stage 3 had prompted it to announce the indefinite closure of the 18-kilometer elevated highway, which it later on withdrew.
In a statement, San Miguel president Ramon Ang said there was a “misunderstanding” between the company’s infrastructure unit and the TRB.
San Miguel is the concession holder of the Metro Manila Skyway system through San Miguel Infrastructure.
The TRB, meanwhile, is an inter-agency body composed of the Department of Transportation, Department of Public Works and Highways, Department of Finance, National Economic Development Authority, and a representative from the private sector.