Wednesday, December 28, 2016

20% of the toll increase 5 to 10 cents – the Observer

Some tolls on motorways Portuguese will be an increase of 5 and 10 cents from January 01, getting out of this update 78% of the tolls, that will not have "any increase of price."

The Ministry of Planning and Infrastructure has indicated today that "the upgrade [from tolls] covers 22% of the rates applied and will only be eur 0.05 in the overall rates of Class 1, being of € 0.10 on a limited number of situations", adding that "in 78% of cases there will not be any increase of price."

The annual revision of the toll rates on motorways will enter into force from 01 January 2017, in accordance with the respective concession contracts, which provide for the upgrade based on the variation of the consumer price index.

The consumer price index of October, excluding housing, which serves as a reference to the annual update of the tolls, was of 0.84%, this being the proposal that the concessionaires of highways have made to the Government.

The update method of the toll road includes a mechanism for rounding of rates to the multiple of five cents nearest to you. That is, if the increases are less than 2.5 cents, the toll will remain unchanged. However, if the increase is more than 2.5 cents, there is a rounding automatic for five cents.

In 2016, the upgrade in the toll rates of highways national covered only 10% of the sections of the routes where there is a charge to users, and an upgrade of only five cents.

The tolls of the bridge 25th of April and Vasco da Gama, in Lisbon, will also be increased from January, an increase which varies between 5 and 15 cents, indicated this Wednesday the Ministry of Planning and Infrastructure.

In the case of the two bridges over the Tagus river connecting Lisbon to the south bank, the updating of the toll rates "varies between eur 0.05 (class 1 in both bridges) and € 0.15 (class 4, on the Vasco da Gama bridge)," according to the guardianship. By way of example, in the next year, the clients with the vehicles of class 1 are going to pay 1.75 euros on the 25th of April bridge and 2.75 euros in the Vasco da Gama bridge.

all in all, the update of the tolls that takes effect January 1 "it covers 22% of the applied rates" and "will be of only eur 0.05 in the overall rates of class 1, being of € 0.10 on a limited number of situations", which means that "in 78% of cases there will not be any increase of price."

The annual revision of the toll rates on motorways enters into force on 1 January 2017, in accordance with the respective concession contracts, which provide for the upgrade based on the variation of the consumer price index.

The consumer price index of October, excluding housing, which serves as a reference to the annual update of the tolls, was of 0.84%, this being the proposal that the concessionaires of highways have made to the Government.

The update method of the toll road includes a mechanism for rounding of rates to the multiple of five cents nearest to you. That is, if the increases are less than 2.5 cents, the toll will remain unchanged. However, if the increase is more than 2.5 cents, there is a rounding automatic for five cents.

In 2016, the upgrade in the toll rates of highways national covered only 10% of the sections of the routes where there is a charge to users, and an upgrade of only five cents.

LikeTweet

No comments:

Post a Comment