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The Manila Cavite Expressway (CAVITEX) on November 27, 2021. Fernando G. Sepe Jr., ABS-CBN News

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CAVITEX

Andrea Taguines

ABS-CBN News

<p>MANILA - The Public Estates Authority Tollway Corporation (PEATC) reiterated on Friday its mandate to operate and maintain the Manila-Cavite Toll Expressway Project or CAVITEX, as well as to collect toll.</p><p>Earlier this week, the PEATC, which is a subsidiary of the Philippine Reclamation Authority (PRA), asked the Court of Appeals to issue a writ of mandamus to compel the private contractor, Cavite Infrastructure Corporation (CIC), to hand over the reins for the 14-kilometer expressway.</p><p>The CIC is under the Manny Pangilinan-led Metro Pacific Tollways Corporation.</p><p>Based on the petition filed last April 8, 2024, the CIC’s authority to operate and maintain the toll road already expired back in 2021.</p><div><a href="https://news.abs-cbn.com/news/08/15/23/cavitex-to-increase-toll-on-aug-21" id="isPasted" rel="noopener noreferrer" target="_blank">CAVITEX to increase toll on Aug. 21</a></div><p>Speaking with ABS-CBN News, PEATC Spokesperson Atty. Ariel Inton also stressed the huge potential revenue that the government is missing out on because of the current 90-10 revenue-sharing ratio in favor of CIC.</p><p>According to Inton, the joint venture agreement for the project states that the income sharing should have shifted to a 60-40 ratio in favor of the government once the private contractor recovers the funds it invested into the project.</p><p>The PEATC claims that CAVITEX generated more or less P2.4 billion in gross revenues in 2023 alone.</p><p>“Matagal na silang complied e. The original party to this joint venture agreeement is a Malaysian company. Binenta na nila dito sa present na owner. Ikaw ba, ibebenta mo kung hindi pa? Sa tagal na 90-10, tubong lugaw na sila dyan,” said Inton.</p><p>The PRA also called for accountability and transparency from CIC on this matter.</p><p>“The ongoing 90-10 income division in favor of CIC, which has persisted for over 26 years, is cause for scrutiny. It is inconceivable that CIC has not yet recouped its equity within this extensive timeframe, particularly given the significant revenue generated by the toll expressway. Despite repeated requests from PEATC for accurate and comprehensive financial reports from CIC to ascertain its financial status, and to enable the shift towards 40:60 income sharing in favor of the public, such information has not been forthcoming,” it said in a statement.</p><p>Before filing a case in court, Inton said the PEATC already sent several demand letters to CIC, but to no avail.</p><p>In a statement, MPTC President and Chief Executive Officer Rogelio Singson said that the company has already been meeting with the PRA and the PEATC “to discuss their concerns on the revenue sharing.”</p><p>“Their court action will be responded to properly,” added Singson.</p><div><ivs-player data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-spid="3001339" data-ivs-vid="2769965"></ivs-player></div><script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script><div><strong>CHEAPER TOLL?</strong></div><p>Inton said motorists may also enjoy a 50-percent reduction in toll if CAVITEX is turned over to the PEATC.</p><p>“Imagine, if 60-40 na ang hatian in favor of the government, yung binabayarang toll ng ating mga motorista dyan sa Cavitex ay bababa. Kikita na nang mas malaki ang pamahalaan, magbebenepisyo pa ang mga motorista na dumadaan dito,” he said.</p><p>For Fe Grape, a motorist that passes through CAVITEX about twice or thrice a week, this would be a welcome development.</p><p>“If that’s the case, mas agreeable ako doon. Siyempre yung centavos na mase-save pagdaan nila, makatutulong sa mas marami. Mas makakadagdag yun sa gasolina &#x27;di ba?” she said.</p><p>But Marlyn Garcia is worried that the quality of service may suffer under the hands of the government.</p><p>“Merong pros and &quot;cons&quot; eh. Marami tayong ano na pag nata-transfer sa government, bumababa nga (ang bayad) pero pumapangit yung service. Hindi naman lahat ng nata-transfer sa government ay gumaganda din yung serbisyo,” shared Garcia.</p><p>CAVITEX links Manila to the southern province of Cavite in the Philippines.</p><p>According to the Toll Regulatory Board, it recorded an average daily traffic of more than 180,000 from January to February this year.</p><div><br/></div>

<p>The Public Estates Authority Tollway Corporation (PEATC) reiterated on Friday its mandate to operate and maintain the Manila-Cavite Toll Expressway Project or CAVITEX, as well as to collect toll.</p>

The Public Estates Authority Tollway Corporation (PEATC) reiterated on Friday its mandate to operate and maintain the Manila-Cavite Toll Expressway Project or CAVITEX, as well as to collect toll.

Gov’t files petition to take over Cavitex operations

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Gov’t files petition to take over Cavitex operations

Andrea Taguines,

ABS-CBN News

Published Apr 12, 2024 04:10 PM PHT

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