The Cavite Infrastructure Corporation (CIC) has announced a 30-day toll holiday across all exits of the Cavite Expressway (CAVITEX) for all vehicle classes, supporting the Toll Regulatory Board’s (TRB) initiative.
Raul L. Ignacio, president and general manager of CIC, stated that the measure, effective from July 1, 2024, aims to alleviate the financial burden on motorists dealing with increasing fuel prices and inflationary pressures.
CIC received the TRB’s decision following consultations with its joint venture partners in the Cavite Expressway (CAVITEX), namely CIC and the Philippine Reclamation Authority (PRA).
President Ferdinand R. Marcos Jr. previously announced the toll holiday for all expressway segments managed by the CAVITEX joint venture firm during his speech at the recent inauguration of the CAVITEX C5 Link Segment 2.
“We welcome TRB’s policy and operational decision, guided by the President’s directive, which was made after considering all implementation details and necessary system preparations,” Ignacio said.
“We commend TRB for the thorough deliberation as part of their decision-making process,” he added.
The toll-free initiative covers exits in Kawit, Paranaque, C5 Link segment Merville, Taguig exits, and the newly inaugurated Segment 2 (Sucat Interchange) for all vehicle classes.
Transport industry sources estimate that the suspension of toll collections at these exits will result in significant foregone toll revenues, amounting to hundreds of millions of pesos.
Experts in the transport sector argue that toll revenues are crucial for repaying loans, recovering substantial investments, ensuring road safety, and covering operational and administrative costs.
Despite the anticipated impact on toll revenues, Ignacio affirmed, “We support the President’s and TRB’s decisions to benefit motorists with seamless journeys on our modern tollway structures and systems.” (CIC)
