Councilor Garcia files ordinance creating local toll regulatory body
Cebu City Councilor Raymond Alvin Garcia has filed an ordinance to establish the Local Toll Regulatory Council (LTRC) of the Cebu-Cordova Link Expressway (CCLEX).
Garcia’s proposal was referred to the Committee on Laws, Ordinances, and Styling for review.
A local toll regulatory council (LTRC) is required under the joint venture agreement between Cebu City and Cordova, as grantors, and Cebu Cordova Link Expressway Corp. (CCLEC), as concessionaire. (https://bit.ly/3fXT18W)
Section 2 of the proposed measure authorizes CCLEC to impose and collect toll from the users of the project in the amounts determined in accordance with the concession agreement for each entry of each vehicle class and irrespective of the exits used by each vehicle, subject to any toll rate adjustment authorized under the said agreement.
Section 3 provides that an LTRC shall be created for the purpose of implementing and setting the rates of toll under the concession agreement.
The council shall consist of five members— one appointed member from LGU Cebu City; one appointed member from LGU Cordova; three appointed members by the grantors from a list of nominees submitted by the concessionaire. There shall be a chairman of the board who shall be elected by a majority vote of all the members of the LTRC.
The LTRC shall have the following powers and duties:
-issue, amend, and promulgate from time to time, in accordance with the provisions of the concession agreement, the rates of toll that will be charged the direct users of CCLEX;
-issue permits or certificates authorizing the collection of toll, whether initial, periodic or otherwise, for CCLEX; and
-promulgate implementing rules and regulations to carry out the purposes of the ordinance.