MANILA, Philippines — Metro Pacific Tollways Corp. unit Cavitex Infrastructure Corp. (CIC) is raising its revenue goal for 2020 as the company expects to finish the year with a top line growth on the back of robust traffic volume on the Manila-Cavite Toll Expressway (CAVITEX). A little over P2 billion or about P2.2 billion is our revenue target so we’re going to hit that,” Bontia said. Bontia said traffic volume along CAVITEX is expected to increase by 14 percent this year to 175,000 vehicles daily. “We were beneficiaries of the SLEX problem. In fact, we’ve seen a four to five percent increase in traffic because of the SLEX problem.

Source: Philippine Star December 08, 2019 21:56 UTC