SLEX REHABILITATION AND UPGRADING PROJECT

PRIMER

SLEX : SKYWAY – SLT & SLT EXTENSION -- STAR SKYWAY

SLT

SLT Extension

Sta. Rosa

STAR

Calamba

Alabang

Sto. Tomas

Signed on Feb 01, 2006 (with approval from the President of the Philippines)

Concession Period: 30 years from signing including design and construction period.

Project Cost: P11.5Bn for Phase 1 (Tr1,2,3)Internal Rate of Return: 18%

Opening Toll Rate (Tr1 and Tr2): P2.68/km/pcu.

The SLEX Contract

SLTC to undertake and finance all works required for the SLEX Project, without sovereign guarantee.

SLTC to operate/maintain the expressway system and its facilities following government standards

SLTC to recover its investment through the collection of toll fees by its assigned operator the Manila Toll Expressway Systems, Inc. (MATES), over a 30-year concession period from February 2006 (signing of STOA and approval thereof by the President of the Philippines) to February 2036

Concession Terms

(Toll Road 1) ALABANG VIADUCT- retrofitting 301 piers and footings- total replacement and addition of new slabs

and girders (350 new girders)- total replacement/widening of the bridge deckfrom 6 to 8 lanes

(Toll Road 2) FILINVEST TO CALAMBAreconstruction and widening from- 4 to 8 lanes up to Sta. Rosa- 4 to 6 lanes up to Calamba- rehab of 15 bridges

(Toll Road 3) CALAMBA TO STO. TOMASconstruction of new 8 km, 4-lane toll road, 6 bridges, 2 overpasses, 1 flyover

THE SLEX REHABILITATION & UPGRADING PROJECT

COMPLETE

D DEC 2008

COMPLETE

D

JUN 2009

COMPLETED

JUN 2010

ALABANG VIADUCT

FILINVEST TO CALAMBA

CALAMBA TO STO.TOMAS

BAGAMBANG BRIDGE

CHRONOLOGY OF OPERATIONS

May 22, 2010 -- MATES took over operations from PNCC. Prior to this date SLTC-MATES had no share in the toll fees collected by PNCC.

June 30, 2010 – Date of implementation of the new toll rates; voluntarily moved to July 7, 2010 in deference to inauguration of Pres. Aquino.

July 5, 2010 – Government through TRB asked for postponement of new rate implementation. New date was subsequently set for August 16, 2010.

August 13, 2010 – Supreme Court issued a TRO on rate increase in SLEX.

“… effective immediately and continuing until further orders from this court…enjoining you… from implementing the toll rate increases in the South Luzon Expressway.”

LINAWIN NATIN ang issue sa

SLEX TOLL FEE

Mali: Kumita na ang Operator ng SLEX mula 2006 pa.

Tama: Noong Mayo 2, 2010 lamang naningil ng toll fees ang SLTC

Bago nito, walang bahagi ang SLTC sa toll fees na siningil ng PNCC hanggang sa binitawan nila ang SLEX noong a dos ng Mayo 2010.

Mali: Mahal ang toll fee sa SLEX.

Tama: SLEX toll fee ang pinakamababa sa buong bansa… lalo na’t libre ang gamit ng lahat na upgrades dito hanggang ngayon.

P0.76/km lang ang basic toll fee ng SLEX

Ito ang tamang singil para sa dating 4-lane, walang ilaw at sirang SLEX noon. Libre ang gamit ng dinagdag na 112 lane kms, bagong ilaw, bagong viaducts at 14 tulay, median, etc. hanggang ngayon.

TOLL FEE FOR SKYWAY ILALIM

0.76

.12

TOLL ROADS

Length (km) ConcessionToll Rate

SKYWAY 10.1km(elevated)

13.5km (at-grade)Citra Metro Manila

P4.10/km

(at grade)

SLEX 28.3km (Ala-Cal)

7.6km (Extn.)

SLTC P0.76/km

STAR 42 km (Sto.Tomas to Batangas City)

STAR Infra. P1.45/km

Magkano mula Nichols hanggang Calamba gamit ang Skyway Ibaba?

Nichols – Alabang : P 65.00 (SKYWAY Ibaba) Alabang – Calamba : P 22.00 (SLEX) TOTAL: P 87.00

Sa kabuuang P87.00, P65.00 ang binabalik sa Skyway at P22.00 ang naiiwan sa SLEX.

28% lang ng mga motorista ang bumabayad ng P22.00. Karamihan ay dumadaan ng libre (Filinvest) o bumabayad mula P4 (Susana) hanggang P13.00 (Sta. Rosa).

Mali: “Exorbitant” ang maging dagdag singil sa SLEX

Tama: Ang dagdag singil na inaprubahan ng TRB ay P2.68 per km.

pangatlo sa kasalukuyang sinisingil ng mga pribadong expressway.Mas mababa pa kay sa singil ng Skyway Ilalim at Coastal Road.

TOLL FEE FOR SKYWAY ILALIM

2.12

The SLEX toll rates among the Lowest

The approved toll rates for the SLEX are among the lowest among purely privately financed toll roads in the Philippines.

• STAR: P1.43/km/pcu (partly government funded)• SCTEX: P2.00/km/pcu (purely govt. funded)• NLEX: P2.12/km/pcu (purely private funded)• SLEX: P2.68/km/pcu -do-• COASTAL: P3.34/km/pcu -do-• SKYWAY: P4.84/km/pcu -do-

Current toll fee of P 0.76 centavos per km. cannot sustain SLEX financial obligations.

Collection -- P2.6M/day.

Operating exp -- P2.2M/day. Debt servicing -- P1.9M/day. SLTC creditors-- P1.6M/day.

Shortfall -- P3.1M/day.

• SLTC incurs daily losses of P6M• SLTC cannot pay bank loans & interest• SLTC can no longer provide appropriate level of service nor maintain additional lanes, and facility upgrades now being used for free.• Investor cannot recover investments• Future investors will be discouraged•

Kung mananatili sa 76 centavos ang toll fee sa SLEX…

BENEFITS FROM THE REHABILITATED SLEX

Travel time reduced from 1 hour to 21 minutes -- Sto.Tomas to Alabang Vehicle maintenance costs reduced from P9.09 /km to P5.80 /km. Enhanced movement of landed and export goods, better compliance with shipping schedules; Rapid property development in South Luzon, leading to eventual decongestion of Metro Manila.

P0.78/km

P9.09/km

P2.68/km

P5.80/km VOC

Toll fee

Old vs. NEW SLEX

P9.87/km P8.48/km Savings P1.39/km

Old SLEX

New SLEX

VOT

(value of time)

VOC

(vehicle operating cost)

Toll fee

Class1 P162 P9.09/km P0.78/km

Class2 P104 P25.74/km P1.51/km

Class3 P9 P27.71/km P2.27/km

*Traffic Study on OLD SLEX

*Based on SLEX traffic study

Savings* on the 28.3km SLEX

VOT(Saving about 36% of your travel time, comfortable ride, etc.)

VOC(Less car maintenance, fuel & oil efficiency, tire replacement, etc.)

Net Savings

Class1 P60.10 P39.32 P99.42

Class2 P31.21 P203.23 P234.44

Class3 P1.92 P202.08 P204.00

*Based on SLEX traffic study

…good roads built strong nations.

South Luzon Tollway Corporation