“We haven’t felt the impact of the fuel price increases. For the first half, we have already exceeded the 2019 traffic volumes, so pre-pandemic,” MPTC Chief Finance Officer Christopher Daniel C. Lizo told reporters during a gathering in Cavite last week.
“In total, across the network, I think we are maybe 5-6% above the 2019 traffic volumes,” he said, referring to the traffic volume seen in June. “That’s excluding the new roads that opened.”
“Maybe by 6% compared to June. It’s also a function of seasonality. Traffic peaks in the second quarter, summer.MPCALA Holdings, Inc., a subsidiary of MPTC, is eyeing the operationalization of its upcoming interchange, the Silang Interchange, in the latter part of the year. Raul L. Ignacio, MPCALA Holdings president and general manager, said the Silang Interchange is expected to help decongest the busiest highway in Cavite, the 41-kilometer Emilio Aguinaldo Highway.
Subsections 6 to 8 started operations in 2019 and CALAX Laguna segment interchanges, which are part of the subsections 6 to 8, opened the following year. These interchanges are the Laguna Boulevard Interchange and the Laguna Technopark Interchange.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos feeling better after COVID infection - BusinessWorld OnlinePhilippine President Ferdinand R. Marcos, Jr., who tested positive for the coronavirus last week, is doing well and continues to work in isolation, according to the presidential palace. READ:
Read more »
Marcos ill-gotten wealth case could lead to crisis - BusinessWorld OnlineAn unfavorable judgment against the heirs of the late dictator Ferdinand E. Marcos including his son and namesake could lead to a constitutional crisis, political analysts said at the weekend. READ:
Read more »
House bill modernizing immigration bureau to generate more funds refiled - BusinessWorld OnlineA bill seeking to modernize the Bureau of Immigration (BI) for improved efficiency and revenue collection has been refiled at the House of Representatives. READ:
Read more »
PHL, US reaffirm commitment to strengthen supply chains, climate crisis response - BusinessWorld OnlineThe Philippines and the United States have reaffirmed their commitment to jointly reinforce supply chains and address the climate crisis, according to their foreign affairs leaders. READ:
Read more »
SWS April poll: 46% of Filipinos optimistic economy will improve in a year - BusinessWorld OnlineMore than 40% of adult Filipinos expect the Philippine economy to recover in the next 12 months, according to a Social Weather Stations (SWS) poll conducted in April. READ:
Read more »
Euro’s 20-year low leaves ECB facing costly choices - BusinessWorld OnlineFRANKFURT — The euro’s tumble towards parity against the dollar has pushed the European Central Bank (ECB) back against a wall, leaving its policymakers with only painful and economically costly choices. Letting the currency fall would push up already record high inflation, raising the risk of price growth becoming entrenched at a rate well above […]
Read more »