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

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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 .

 

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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

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