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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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 .

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 9. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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:
Källa: bworldph - 🏆 9. / 68 Läs mer »

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:
Källa: bworldph - 🏆 9. / 68 Läs mer »