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Palace bars Metro water rate, SLEX toll cuts

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By Joel Guinto
First Posted 15:32:00 03/13/2008

MANILA, Philippines — Malacañang announced on Thursday a reduction in water rates in Metro Manila and surrounding provinces, and a 10-percent decrease in toll rates at the South Luzon Expressway (SLEX).

The reduction in water rates, effective April 1, is due to the strengthening of the peso, which has brought down the foreign exchange losses water concessionaires pass on to their customers, the Palace said in a statement.

The water rate adjustment will be on top of the 20-percent reduction for low-end customers, which took effect earlier this week, it said.

The stronger peso placed the Foreign Currency Differential Adjustment (FCDA) of Manila Water Co. Inc. (MWCI) at -P0.62, and that of Maynilad Water Services Inc. (MWSI) at -P0.34, it said.

With the adjustment, MWSI customers who pay P502.36 per month will now pay P498.63, down P3.74; semi-business customers who pay P677.85 will pay P672.70, down P5.14; business group 1 subscribers who pay P4,798.55 will pay P4,761.02, down P37.53; while business group customers who pay P5,198.56 will pay P5,148.89, down P40.67.

On the other hand, MWC customers with a monthly consumption of 10 cubic meters will pay P86.94 instead of P88.43, down P1.49; those with a monthly consumption of 20 cubic meters will pay P190.99 instead of P194.31, down P3.31; those with a monthly consumption of 30 cubic meters will pay P388.25 instead of P395.01, down P6.76; while those with a monthly consumption of 100 cubic meters will pay P2,347.72 instead of P2,388.75, down P41.03.

The toll rates in the SLEX were slashed to P0.756 per kilometer from P0.84 per kilometer effective March 9 so motorists could benefit from “improving economic conditions,” the Palace said.

This would translate to a reduction in toll fees from Alabang to Calamba from P24 to P22 for Class 1 vehicles, P48 to P43 for Class 2 vehicles, and P72 to P65 for Class 3 vehicles.

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Written by joelguinto

ThuUTC2008-03-13T08:28:26+00:00UTC03bUTCThu, 13 Mar 2008 08:28:26 +0000 22, 2006 at 12:45 am03

Posted in Uncategorized

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