Latest Breaking News On - Cavitex infrastructure - Page 7 : comparemela.com

January 18, 2021 | 12:04 am Font Size AAA THE Toll Regulatory Board (TRB) said the Cavitex Infrastructure Corp. (CIC) and the Philippine Reclamation Authority (PRA) have both filed a petition “for the approval of add-on agreed toll rate with application for provisional relief” 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 “any interested expressway user” can file a “petition to review” 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 “add-on toll rate” as authorized by the Toll Operation Agreement (TOA) executed in 1996.

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