Following the opening of the NLEX Harbor Link Segment 10 in February, NLEX Corp., the operating company of the toll highway, is hiking toll prices effective March 20.
In a notice published in several news reports, NLEX said it is increasing toll fees in the open system of the highway by P10, and P0.18 per kilometer in the closed system.
The open system of the highway is composed of the Mindanao Ave., Valenzuela, Meycauayan, and Marilao exits, while the closed system starts at the Bocaue exit in Bulacan and ends at the Sta. Ines exit in Pampanga.
The toll operator has yet to publish the updated toll matrix, but it already gave an idea on how much the hike will cost commuters who traverse the whole stretch of NLEX.
Those driving Class 1 vehicles, like pasenger cars and jeepneys, will soon have to pay P258 at the Sta. Ines exit if the driver entered NLEX in Mindanao Ave., up by P22 from the current rate of P236.
The starting toll rate, or the fee to be paid by those that access NLEX’s open system, is now at P55, a 12-percent increase from the current rate of P45.
Metro Pacific Investments Corp., NLEX Corp.’s mother company, said the adjusted toll price is just half of the approved rates petitioned by the company to the Toll Regulatory Board back in 2013 and 2015. The additional fees also incorporate the “provision add-on rate” agreed upon by the company with the government, following the opening of the NLEX Harbor Link Project.
Subsequent adjustments will still be made in the next years.
The NLEX Harbor Link Segment 10 is a 5.58-kilometer elevated expressway that connects McArthur Highway and C-3. It will most benefit those that access the NLEX’s open system. The new segment, which cost P9 billion to build, will reportedly cut travel time to Caloocan from Valenzuela (and vice versa) to just five minutes from the usual one hour.
This story originally appeared on Esquiremag.ph.
* Minor edits have been made by the Entrepreneur.com.ph editors.