MANILA, Philippines – San Miguel Corporation (SMC) on Tuesday announced that it will start collecting toll for the Skyway Stage 3 on July 12, nearly seven months after it allowed the public free use of the 18-kilometer elevated expressway.
In an advisory, SMC said it will use a revised toll matrix that is “lower than the original proposed toll fees, particularly for motorists traveling shorter distances.”
SMC president and chief operating officer Ramon Ang said the revised toll matrix, as approved by the Toll Regulatory Board (TRB), takes into consideration the pandemic, its impact on the economy, and on Filipinos.
The final toll rates will be announced prior to the start of toll collection.
SMC said the toll collection is in compliance with the issuance of a Toll Operating Permit and a Notice to Start Collecting Toll by the TRB on Skyway Stage 3.
“We thank the TRB for helping us determine the most equitable toll rates for our motorists. We know from experience that times are hard for many, and even a little relief for motorists can go a long way,” Ang said in a statement.
“These toll rates reflect our deferral of the collection of a substantial amount of the cost to build Skyway 3. We also further lowered the rates for those traveling shorter distances,” he added.
Ang said collected fees will enable the company to ensure continued efficient operations, maintenance, and safe driving conditions on the elevated expressway–particularly as daily traffic puts a heavy strain on the road infrastructure, necessitating significant maintenance costs.
Prior to the soft-opening of Skyway 3 at the end of December last year, SMC had opened to the public the Buendia to Plaza Dilao section of the elevated expressway in July 2019.
Since its opening, the Skyway Stage 3 has allowed motorists to experience seamless connection from South Luzon Expressway (SLEX) to North Luzon Expressway (NLEX) and vice versa.
It has reduced travel time from Alabang to Balintawak and vice versa, to only 30 minutes from the previous three hours, and from Buendia to Balintawak, to only 20 minutes.
The Skyway Stage 3 project was constructed with no cost to the government. SMC said it had spent over P80 billion or more than double its original cost to complete the project over a period that spans two administrations.
With the start of toll collection, SMC said the government can now also generate “significant income” from the expressway, as it imposes a 12 percent VAT on all toll fees.