Motorists the usage of toll roads now have over a month to secure their radio frequency identity (RFID) tags after the Department of Transportation (DoTr) extended the cut-off date for the total implementation of the cashless collection machine.
In a announcement on Wednesday, the DoTr said the shift to this machine was moved to December 1 from the authentic November 2 deadline after toll plazas noticed a surge within the quantity of motorists looking to get the RFID tags, ensuing in lengthy queues.
The new closing date "will now not be extended past this date," it added.
Toll Regulatory Board (TRB) Executive Director Abraham Sales stated the extension might "provide motorists more time to conform with the department order and to prevent the lengthy queues presently being skilled at toll roads within the rush to get the RFID stickers."
Tollway operators Metro Pacific Tollways Corp. And San Miguel Corp. Have both prolonged their RFID installation.
In late August, the DoTr issued Department Order 2020-012, mandating the TRB, Land Transportation Franchising and Regulatory Board, and Land Transportation Office to create new methods to make sure operators' swift adoption of cashless toll series.
The branch stated contactless transactions will be carried out within the South Luzon Expressway, Manila-Cavite Toll Expressway, North Luzon Expressway, South Metro Manila Skyway, Southern Tagalog Arterial Road Tollway, Subic-Clark-Tarlac Expressway, Cavite-Laguna Expressway; and all other road networks, inclusive of any extension of the aforementioned expressways that may be built, set up and/or operated as limited-access highway toll facilities.
The Securities and Exchange Commission (SEC) has accredited the public services of two real estate corporations and one creation firm aimed toward raising finances for capital expenditures and projects, amongst others.
In a statement on Wednesday, the SEC identified the offerings because the P30-billion fixed-charge bonds of Filinvest Land Inc., the P5-billion perpetual preferred shares of Megawide Construction Corp. And the P1.4-billion business papers of Cityland Development Corp.
These had been authorised in a assembly on October 27, it stated.
Gotianun-led Filinvest Land will provide up to P6.Seventy five billion worth of 3-yr and five-and-a-half-year bonds — due 2023 and 2026, respectively — with an oversubscription alternative of up to P2.25 billion for the primary tranche.
In a announcement on Wednesday, the DoTr said the shift to this machine was moved to December 1 from the authentic November 2 deadline after toll plazas noticed a surge within the quantity of motorists looking to get the RFID tags, ensuing in lengthy queues.
The new closing date "will now not be extended past this date," it added.
Toll Regulatory Board (TRB) Executive Director Abraham Sales stated the extension might "provide motorists more time to conform with the department order and to prevent the lengthy queues presently being skilled at toll roads within the rush to get the RFID stickers."
Tollway operators Metro Pacific Tollways Corp. And San Miguel Corp. Have both prolonged their RFID installation.
In late August, the DoTr issued Department Order 2020-012, mandating the TRB, Land Transportation Franchising and Regulatory Board, and Land Transportation Office to create new methods to make sure operators' swift adoption of cashless toll series.
The branch stated contactless transactions will be carried out within the South Luzon Expressway, Manila-Cavite Toll Expressway, North Luzon Expressway, South Metro Manila Skyway, Southern Tagalog Arterial Road Tollway, Subic-Clark-Tarlac Expressway, Cavite-Laguna Expressway; and all other road networks, inclusive of any extension of the aforementioned expressways that may be built, set up and/or operated as limited-access highway toll facilities.
The Securities and Exchange Commission (SEC) has accredited the public services of two real estate corporations and one creation firm aimed toward raising finances for capital expenditures and projects, amongst others.
In a statement on Wednesday, the SEC identified the offerings because the P30-billion fixed-charge bonds of Filinvest Land Inc., the P5-billion perpetual preferred shares of Megawide Construction Corp. And the P1.4-billion business papers of Cityland Development Corp.
These had been authorised in a assembly on October 27, it stated.
Gotianun-led Filinvest Land will provide up to P6.Seventy five billion worth of 3-yr and five-and-a-half-year bonds — due 2023 and 2026, respectively — with an oversubscription alternative of up to P2.25 billion for the primary tranche.
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