News Formal

CCLEX to ‘slowly’ boost toll road group’s earnings - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Metro Pacific Investments Corp. (MPIC) expects that the opening of the Cebu-Cordova Link Expressway (CCLEX) will gradually boost the earnings of its toll roads business starting this year, its chairman said. READ:

“It will impact the earnings of the tollways group starting this year, [but] not in a major way because the traffic will slowly, gradually build up,” MPIC Chairman Manuel V. Pangilinan told reporters last week.

The 8.9-kilometer expressway was inaugurated on April 27. Vehicles classified under Classes 1 to 3 are now allowed to use the expressway, while motorcycles under 400cc will be allowed to use it only by July this year, Cebu Cordova Link Expressway Corp. said in a statement.“The motoring public is asked to drive at a maximum speed of 60 kilometers per hour .

CCLEC was granted concession rights to design, finance, construct, operate and maintain the CCLEX, including the right to collect toll fees over a 35-year concession period .

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Despite IamMVP's fears, I think the CCLEX will earn quickly. Cebu needs bridges so urgently that a fourth one is already in the works. MPICCorpComm

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 9. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

COL Financial earnings rise 38% as revenues climb - BusinessWorld OnlineCOL Financial Group, Inc. reported on Monday that its net income surged by 38% to P582 million in 2021, driven by a jump in commission revenues. READ:
Fonte: bworldph - 🏆 9. / 68 Consulte Mais informação »

MREIT earnings up 18% on new acquisitions - BusinessWorld OnlineMREIT, Inc., the real estate investment trust company of Megaworld Corp., announced on Tuesday that its distributable income in the first three months of the year increased by 18% to P639 million quarter on quarter, driven by recent acquisitions. READ:
Fonte: bworldph - 🏆 9. / 68 Consulte Mais informação »