Toll rates at the Muntinlupa-Cavite Expressway (MCX) are set to increase by another P1 by the end of this month or early February, according to the Toll Regulatory Board (TRB).
Alvin Carullo, TRB executive director, said the board approved the P1 toll adjustment for MCX on January 5.
Last November, MCX began imposing an increase of P1 for class 1 vehicles to P18, P2 for class 2 to P37 and P3 for class 3 to P55, TRB said.
The toll regulator, however, directed that the provisional toll rate adjustments shall be implemented on a staggered basis to curb the existing inflationary situation and minimize the impact to the tollway users.
The first tranche was implemented last November, and the second tranche is this year.
TRB approved the MCX toll hike pursuant to the periodic toll rate adjustments for 2018 and 2020 filed by Ayala Corp.
MCX is now owned by Villar-led Prime Asset Ventures Inc. after completing its acquisition from Ayala for P3.8 billion last year.
MCXis a four-kilometer toll road linking the southern part of Cavite to Muntinlupa.
