HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  • Rate cut 10% in parts of South road
     
    By Mia Gonzalez and Lenie Lectura
    Reporters

    ACTING on orders of President Arroyo, the Philippine National Construction Corp. has reduced by 10 percent toll-fee rates in the South Luzon Expressway (Slex) covering the segment from Alabang to Calamba, Laguna. The order was supposed to take effect March 9, but announced only Thursday.

    Malacañang said the order is part of government efforts to share with the public “the benefits of the improving economic conditions in the country” and to “serve as a cost cushion to Slex motorists in the wake of rising global fuel prices.”

    The new rates reflect a reduction to P22 from P24 of the toll for Class 1 or small vehicles, to P43 from P48 for Class 2 or passenger vehicles and six-wheeler trucks, and to P65 from P72 for Class 3 vehicles or container tractors and 10-wheeler trucks.

    Transportation Secretary Leandro Mendoza said the continued strength of the peso against the US dollar played an important role in the toll reduction.

    “We will continue to provide effective and efficient transport services that are responsive to the needs of the public. It is the policy of the DOTC to provide efficient, safe and cheap transportation to Filipinos in order to alleviate poverty and accelerate economic development,” he added.

    Malacañang also announced reduced water bills for all households served by Manila Water Co. Inc. and Maynilad Water Services Inc. starting April 1, also because of the appreciation of the peso.

    “Due to the sustained strengthening of the peso, there will be a downward adjustment in the Foreign Currency Differential Adjustment [FCDA] effective next month. For Manila Water, the FCDA downward adjustment
    is P0.62 per cubic meter, while for Maynilad, the adjustment is P0.34,” said Government Corporate counsel Alberto Agra, who also heads the Manila Waterworks and Sewerage System (MWSS).

    The adjustment would be on top of the 20-percent discount earlier given by both concessionaires to households consuming 10 cubic meters of water or less.

    Agra, who had recommended the FCDA adjustment, said in a statement the MWSS continues to explore other ways of reducing water rates, as instructed by the President, including the possibility of extending the life of the Concession Agreements for 10 years “which if approved will cause a 40-percent reduction in any water rate increase.”

    “The other option being reviewed is the expansion of the service area of MWSS to include the whole province of Bulacan. If Bulacan is fully integrated into Metro Manila, the consumer base of MWSS will expand, thereby causing a significant decrease in water bills of all consumers,” said Agra.

    OTHER STORIES

    BSP keeps rates but tweaks SDA


    Consumer confidence still down


    Q4 FDI approvals highest since 1997


    Rate cut 10% in parts of South road


    DBP tells wholesale lenders to offer easy terms to microbiz


    Rich paying poor to clean up their climate mess


    Miaa may control all airports: DOJ


    Waiting game at Masinloc


    Poaching on the rise in Mindanao


    East Asian integration vital


    CA justice recuses in SCP