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Cavitex Infrastructure Corporation (CIC), concessionaire of Manila-Cavite Expressway (CAVITEX), along with Joint Venture (JV) partner, the Philippine Reclamation Authority (PRA), have completed a P78 million heavy maintenance project on critical portions of the expressway. Starting this Februar
January 18, 2021 | 12:04 am Font Size
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THE Toll Regulatory Board (TRB) said the Cavitex Infrastructure Corp. (CIC) and the Philippine Reclamation Authority (PRA) have both filed a petition âfor the approval of add-on agreed toll rate with application for provisional reliefâ for the Segment 1 (R-1 Expressway) Enhancement of the Manila-Cavite Toll Expressway Project.
TRB Executive Director Abraham P. Sales said in a Jan. 11 notice that âany interested expressway userâ can file a âpetition to reviewâ within 30 days from the date of its first publication.
In its petition, CIC, the joint venture partner of PRA for the Manila-Cavite Toll Expressway Project, said they are entitled to recover the new investment for the enhancement of R-1 Expressway by way of an âadd-on toll rateâ as authorized by the Toll Operation Agreement (TOA) executed in 1996.