Bilyonaryo - Business

Ayusin muna traffic! Senator wants NLEX toll fee hike deferred

June 13, 2023

Bilyonaryo.com

Senator Aquilino Pimentel III has protested the looming increase in toll fees to be collected by the North Luzon Expressway (NLEX), saying the hike is untimely and undeserved.

“Bago sila humingi ng dagdag na bayad, ayusin muna nila ang trapik sa NLEX. I call on the management of NLEX to address this perennial traffic buildup on our major expressway,” Pimentel said in a statement.

NLEX is owned by the Metro Pacific Tollways Group led by bilyonaryo Manny Pangilinan.

The toll rate hike, as approved by the Toll Regulatory Board, will result in a P7 increase in the open system for class 1 vehicles, P17 for class 2 vehicles, and P19 for class 3 or large trucks, effective Thursday, June 15, 2023.

“In behalf of the hundreds of thousands of motorists plying the North Luzon Expressway (NLEX), I appeal for some considerations and reprieve on the proposed increased toll rates. Our people are grappling with the effects of inflation and, therefore, implementing a toll increase at these challenging times would exacerbate their economic hardships,” Pimentel added.

The senator said it would vbe “unfair” for motorists to pay more to use NLEX considering the “EDSA-like traffic” sometimes experienced on the expressway, specifically from Balintawak to Meycauayan.

Related News Tags: North Luzon Expressway (NLEX), Senator Aquilino Pimentel III, toll fees

Follow Bilyonaryo BUSINESS on Google News

Finance Secretary or Batangas Governor? Ralph Recto torn between joining Marcos’ Cabinet or staying in politics

Government sting operation in Zamboanga nets P5.8 million in smuggled fuel

Simplifying procedures: NEDA’s push for infrastructure efficiency

I’m nowhere qualified nor do I want it! Sandro Marcos denies rumors of his appointment as Maharlika chief, calling them ‘absurd and entirely untrue’

Bigger, better and ready: ICTSI’s Melbourne port embraces era of super-sized ships

Finance Secretary or Batangas Governor? Ralph Recto torn between joining Marcos’ Cabinet or staying in politics

Government sting operation in Zamboanga nets P5.8 million in smuggled fuel

Simplifying procedures: NEDA’s push for infrastructure efficiency

I’m nowhere qualified nor do I want it! Sandro Marcos denies rumors of his appointment as Maharlika chief, calling them ‘absurd and entirely untrue’

Bigger, better and ready: ICTSI’s Melbourne port embraces era of super-sized ships

Utang pa more! Dennis Uy secures massive $3.9 billion financing deal to reduce debt and fuel telco expansion

He’s back! JAZA happy on brother Fernando Zobel’s return to BPI board after year-long absence

Magagalit daw kasi Ginebra fans: RSA thinks San Miguel’s P1 billion PBA budget will feed and put to school a lot of Filipinos

Al Tengco enlists DAP to streamline Pagcor’s casino privatization process

Recommended from sister websites

Power

Ad firm Havas wins Shell contract and climate criticism

French advertising agency Havas has won the media account of oil giant Shell, the companies confirmed Wednesday, sparking criticism from campaigners and the immediate walkout of one anti-fossil fuel client.

Money

End of era as Toshiba completes $13.5B offer to go private

Japanese industrial giant Toshiba marked the end of an era as a listed company on Thursday as it announced that a private consortium had bought almost 80 percent of its shares.

Business

Government sting operation in Zamboanga nets P5.8 million in smuggled fuel

A vessel laden with smuggled fuel products valued at P5.8 million was intercepted and seized by government officials in Zamboanga City last September 9.

Property

Lucio Co’s PBCom backs Philrealty’s upscale residential project in BGC with P3.8 billion loan

Philippine Realty and Holdings Corp. (Philrealty), led by businessman Gerardo Lanuza, has secured a P3.8-billion loan from bilyonaryo Lucio Co’s Philippine Bank of Communications (PBCom) to fund the development of its upscale residential condominium project in Bonifacio Global City.