Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Food prices to go down once CALAX operates — Palace

Food prices to go down once CALAX operates — Palace – BusinessWorld Online


      
      
      
      
      








CAVITE-LAGUNA Expressway (Laguna section – Mamplasan entry) — LMP 2001

FOOD PRICES are expected to go down once the 44-kilometer Cavite-Laguna Expressway (CALAX) is fully operational by the third quarter of 2025, the Palace said on Tuesday.

In a news briefing, Palace Press Officer and Presidential Communications Undersecretary Clarissa A. Castro said the reduction of travel time could also lessen fuel consumption, leading to reduced food prices.

“If we can reduce the travel time, it will definitely also reduce the fuel consumption, and it will benefit all travelers and also those that will transport the food and other necessities,” she said. “[Food] prices will also go down.”

This comes after President Ferdinand R. Marcos, Jr., visited the ongoing construction of CALAX Subsection 3, or the Governor’s Drive Interchange in Cavite province.

CALAX is expected to reduce travel time between the Manila-Cavite Toll Expressway (CAVITEX) and the South Luzon Expressway (SLEX) by 45 minutes.

Ms. Castro said this will benefit about 95,000 motorists every day.

The interchange is currently 44% complete.

The other subsections of the Cavite segment include the Cavitex Connection and the Open Canal Interchange, while the fully operational Laguna segment consists of the Sta. Rosa, Tagaytay, Laguna Boulevard, Laguna Technopark, and Mamplasan Toll Barrier interchanges.

It will also establish a seamless connection between Metro Manila and Region IV-A (Cavite, Laguna, Batangas, Rizal, and Quezon), enhancing the region’s competitiveness as a prime investment destination, the Palace said in a separate statement on March 21. — Chloe Mari A. Hufana

CEDTyClea





    You May Also Like

    Stock Markets

    REUTERS By Ashley Erika O. Jose, Reporter THE PHILIPPINES is unlikely to meet its target of six initial public offerings (IPOs) this year as...

    Stock Markets

    Cinnamon and Pili-based incense shows mosquito-repelling properties – BusinessWorld Online                                    ...

    Stock Markets

    REUTERS THE NATIONAL Government’s (NG) outstanding debt hit a fresh high of P16.31 trillion at the end of January as it ramped up borrowings,...

    Stock Markets

    Lack of awareness on government support hinders young innovators – BusinessWorld Online                                    ...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.