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SKYWAY Stage 3 links the South Luzon Expressway in Alabang to North Luzon Expressway in Balintawak. â BW FILE PHOTO
By
Senior Reporter
THE Toll Regulatory Board (TRB) said it is currently validating San Miguel Corp.âs (SMC) claim that the Skyway Stage 3 is now 97% complete, as part of the requirements before it could start collecting fees.
âThe percentage of completion is just one of the requirements stipulated in the contract for them to be allowed to collect tolls,â TRB Spokesperson Julius Corpus told
BusinessWorld in a phone message on Wednesday.
For SMC to be allowed to collect fees, its project should be at least 95% complete, he added.
endIndex:
Metro Manila (CNN Philippines, March 16) The Skyway Stage 3 will remain open to motorists, San Miguel Corporation President and Chief Operating Officer Ramon Ang clarified on Tuesday. Skyway 3 will remain open, he said in a statement.
The Skyway O&M Corporation on Monday announced that the Skyway Stage 3 was to be closed indefinitely starting Tuesday afternoon. SMC, which funded the 18-kilometer infrastructure project, said the closure comes after the Toll Regulatory Board issued the directive to complete the construction of all ramps. The government agency, however, denied ordering its closure. It was not immediately clear why there were conflicting statements.
Skyway 3 stays open after San Miguel-TRB misunderstanding bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.