The Manila North Tollways Corp. (MNTC) said on Friday that it is looking at 3-percent to 4-percent revenue growth to about P7 billion in 2013 without toll fee adjustments.
“It’s traffic driven, so we’re looking at 3-percent to 4-percent growth in revenues,” said Rodrigo Franco, president and chief executive officer of MNTC.
He added that, “Four percent because we are set to open new sections, last year around 173,000 a day ang traffic volume. So really we cannot figure out what are the prospects for the toll rate adjustments. That will have a significant impact on the revenue. We’re expecting P7 billion, but we’re still finalizing our FS [financial statements].”
Earlier, the company launched the North Luzon Expressway (NLEX) Metro Expressway Link, which is an urban expressway that will improve the movement of goods through and from the ports in Manila. The project is a joint venture between the state-run Philippine National Construction Corp. and MNTC.
Segment 10.2, also known as the NLEX Metro Expressway Link, is an eight-kilometer stretch set to begin construction by the third quarter of this year, and expected to be finished in 2016.