Title
End Toll Collection at Bucao Bridge, Zambales
Law
Executive Order No. 191
Decision Date
Jan 7, 2000
Executive Order No. 191 terminates toll collection at the Bucao Toll Bridge in Zambales, Philippines, as the total cost of the bridge, including interest, has been fully recovered, leading to increased accessibility for the residents of Zambales.
A

Q&A (EXECUTIVE ORDER NO. 191)

The order takes effect upon receipt of a copy of the order by the provincial treasurer of Zambales.

The total cost of the Bucao Toll Bridge, plus 5% per annum interest, must be fully recovered as certified under Act No. 3500, as amended.

Act No. 3500, as amended, is referenced as the basis for certifying the full recovery of costs.

The provincial treasurer of Zambales is responsible for receiving the copy of the Executive Order.

An interest rate of 5 percent per annum is applied to the cost.

The termination signifies that the government's investment in the bridge has been fully recouped, and thus continued toll collection is no longer justified.

Based on the Order, toll collection must cease upon full recovery of costs and receipt of the order by the provincial treasurer, so resuming collection before these conditions is not authorized.


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