Motorists the usage of toll roads now have over a month to cozy their radio frequency identification (RFID) tags after the Department of Transportation (DoTr) prolonged the deadline for the full implementation of the cashless series gadget.
In a statement on Wednesday, the DoTr stated the shift to this system changed into moved to December 1 from the unique November 2 closing date after toll plazas saw a surge within the wide variety of motorists trying to get the RFID tags, ensuing in long queues.
The new cut-off date "will not be prolonged beyond this date," it delivered.
Toll Regulatory Board (TRB) Executive Director Abraham Sales stated the extension might "deliver motorists greater time to comply with the department order and to save you the long queues presently being experienced at toll roads inside the rush to get the RFID stickers."
Tollway operators Metro Pacific Tollways Corp. And San Miguel Corp. Have both prolonged their RFID set up.
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 processes to make sure operators' swift adoption of cashless toll series.
The department said contactless transactions shall be applied 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 different avenue networks, together with any extension of the aforementioned expressways that can be built, set up and/or operated as limited-access highway toll facilities.
The Securities and Exchange Commission (SEC) has accredited the public offerings of real property businesses and one creation company geared toward elevating budget for capital expenses and tasks, among others.
In a announcement on Wednesday, the SEC identified the services as the P30-billion constant-price bonds of Filinvest Land Inc., the P5-billion perpetual favored stocks of Megawide Construction Corp. And the P1.Four-billion business papers of Cityland Development Corp.
These have been authorized in a assembly on October 27, it stated.
Gotianun-led Filinvest Land will provide up to P6.Seventy five billion worth of 3-12 months and 5-and-a-half-year bonds — due 2023 and 2026, respectively — with an oversubscription option of as much as P2.25 billion for the first tranche.
In a statement on Wednesday, the DoTr stated the shift to this system changed into moved to December 1 from the unique November 2 closing date after toll plazas saw a surge within the wide variety of motorists trying to get the RFID tags, ensuing in long queues.
The new cut-off date "will not be prolonged beyond this date," it delivered.
Toll Regulatory Board (TRB) Executive Director Abraham Sales stated the extension might "deliver motorists greater time to comply with the department order and to save you the long queues presently being experienced at toll roads inside the rush to get the RFID stickers."
Tollway operators Metro Pacific Tollways Corp. And San Miguel Corp. Have both prolonged their RFID set up.
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 processes to make sure operators' swift adoption of cashless toll series.
The department said contactless transactions shall be applied 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 different avenue networks, together with any extension of the aforementioned expressways that can be built, set up and/or operated as limited-access highway toll facilities.
The Securities and Exchange Commission (SEC) has accredited the public offerings of real property businesses and one creation company geared toward elevating budget for capital expenses and tasks, among others.
In a announcement on Wednesday, the SEC identified the services as the P30-billion constant-price bonds of Filinvest Land Inc., the P5-billion perpetual favored stocks of Megawide Construction Corp. And the P1.Four-billion business papers of Cityland Development Corp.
These have been authorized in a assembly on October 27, it stated.
Gotianun-led Filinvest Land will provide up to P6.Seventy five billion worth of 3-12 months and 5-and-a-half-year bonds — due 2023 and 2026, respectively — with an oversubscription option of as much as P2.25 billion for the first tranche.
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