Last week, the North Luzon Expressway (NLEx) started to implement higher toll rates earlier approved by the Toll Regulatory Board (TRB), an attached agency of the Department of Transportation. The new rates are inclusive of the rate adjustments that the NLEx was, pursuant to its concession agreement with the government, authorized to make in 2012, 2014, 2018 and 2020, but was unable to do so because its petitions were shelved by the TRB. Finance Secretary Benjamin Diokno had said the rate adjustments piled up because of the inaction of past administrations.

https://business.inquirer.net/406306/honor-thy-contracts

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